Hints on Negotiating An Oil and Gas Lease
By: Judon Fambrough
The purpose of this report is to acquaint nonexperts with the more common provisions of an oil and gas lease and explain their legal significance. The report details some provisions that the mineral owner may wish to insert for personal benefit and protection. The report focuses primarily on privately owned land in Texas. It does not cover leases on state-owned land or Mineral Classified Land where the state relinquished a portion of its mineral interest to the surface owners.
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