How Oil & Gas Leases Are Affecting Mortgage Lenders

Law360, New York (November 28, 2011, 7:19 PM EST) -- Fee Simple ownership of land in the United States generally consists of both the "surface" rights and the "mineral" rights associated with the property. As hydraulic fracturing becomes more prevalent, landowners are often attracted to the potential financial gain that could be realized by entering into a gas and oil lease that allows an extraction company the right to drill on their land. Gas and oil leases typically allow the extraction company the right to explore and extract "minerals" below the land.

These leases also allow...
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