Texas Supreme Court weighs whether a parenthetical creates a fixed 1 1/28 royalty in Clifton v. Johnson At oral argument in Clifton v. Johnson, the Texas Supreme Court heard competing views about whether a deed’s parenthetical calculation establishes a fixed 1 1/28 royalty interest or instead reflects a floating royalty tied to the 1/8 presumption. Counsel disputed whether the Van Dyke "presumed grant" doctrine applies and whether remand is needed for additional factual development.

The Texas Supreme Court is tackling a pivotal question: does a deed's parenthetical calculation secure a fixed 1 1/28 royalty, or does it signal a floating interest based on historical practices?

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