Tag: mineral owners

Mineral Owners Oil and Gas Lease Provisions Explained

Oil and Gas Lease Provisions Explained

Historically, mineral owners (“lessors”) and landmen/oil companies (“lessees”) spend most of their time focusing and negotiating the bonus payment, primary term and royalty provisions of an oil and gas lease. These provisions are important, but they represent only a small number of the important elements of the lease.  The following is a list and general …

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Industry Overriding Royalty Interest Explained

Overriding Royalty Interest Explained

Here at LandGate, we welcome every call and online inquiry. 90% of the oil and gas-related calls we receive are from mineral rights owners that want to know what their minerals are worth or want us to market their minerals for lease or sale. Last week, a caller wanted to know if we could tell …

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