In the Reservation of Oil, Gas, and Other Minerals Addendum, where should a seller's percentage be indicated if they wish to retain part?

In the Reservation of Oil, Gas, and Other Minerals Addendum, the seller's percentage indicating the portion they wish to retain is specified in Section B2. This section is specifically designed to capture the details of the seller's reservation, allowing for clarity and legal accuracy regarding the percentage of oil, gas, or other minerals that the seller intends to keep after the sale of the property. This is crucial for ensuring that both parties have a mutual understanding of the terms surrounding mineral rights and any retained interests.

The structured nature of the addendum helps in outlining the complete agreement and helps prevent disputes that could arise from ambiguity regarding rights and reservations after the transaction. Each section of the addendum serves a specific purpose, and Section B2 is essential for indicating the seller’s retained percentage, which is a key component in the overall agreement related to mineral rights.