Here are some sample oil and gas lease clauses that I found to be helpful as a mineral owner: NO WARRANTY This lease is made by Lessor without warranty of title, either express or implied, except as to conveyance or encumbrances by, through, or under Lessor, but not otherwise. NO DEDUCTIONS It is agreed between the Lessor and Lessee that, notwithstanding any language herein to the contrary, all oil, gas or other proceeds accruing to the Lessor under this lease
Recommended PDF: Lease clauses and forms, negotiation (RECOMMENDED) http://www.montana.edu/softwaredownloads/energydownloads/MineralLeasingHandouts.pdf Landmen.net – Clauses and Formshttp://www.landmen.net/clausesforms/clausesforms.htm LEASE PROVISIONSOption to Extend Lease Surface Damages No Surface Operations Oil & Gas Only Royalty Increase Escalating Royalty Clause Minimum Royalty Clause Shut-In Royalty Clause Pugh… Negotiating Your OIl & Gas Lease | Oil, Mineral & Gas Lawhttp://www.kwgd.com/negotiating-oil-and-gas-leaseOne of the more difficult things landowners are called upon to do is negotiate an oil and gas lease. Oil and gas leases contain many unique terms in the