A How-To For Landowners Considering Oil & Gas Leases
December 5, 2013, 3:23 PM EST
Law360, New York (December 5, 2013, 3:23 PM EST) -- The primary document which governs the contractual and real property rights, privileges and obligations of the landowner (lessor) and the energy company (lessee) is the oil and gas lease. Before a landowner grants an O&G lease to a lessee, he should carefully consider some key provisions to protect himself and to maximize economic benefit.
This article will discuss in greater detail the key provisions in an O&G lease regarding term, warranty of title and surface use as briefly discussed in “Top Issues Facing Landowners of Oil...