Oil and Gas Leasing Negotiations

Some considerations when doing oil and gas deals:

  • Depth clauses
  • Pugh clauses
  • Length of term
  • Royalty payment
  • Commencement terms
  • Termination terms
  • Use of surface
  • Water
  • Sub-surface rights
  • Delay rentals
  • Shut in rights
  • Legal liability
  • Accounting issues
  • Production issues

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