Agriculture & Land
Mineral / Oil / Gas Rights Lease
Lease agreement for mineral, oil, and gas rights with royalty terms, surface use, and environmental provisions. Two signers (landowner and lessee).
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# Mineral / Oil / Gas Rights Lease **Effective Date:** ___________ This Mineral / Oil / Gas Rights Lease ("Lease") is entered into by and between: **Landowner/Lessor:** ___________ ("Landowner") **Lessee/Operator:** ___________ ("Lessee") ## 1. Leased Premises **Property Description:** ___________ **County:** ___________ **State:** ___________ **Approximate Acreage:** ___________ acres **Legal Description / Parcel Number:** ___________ ## 2. Minerals Covered This Lease grants the Lessee the exclusive right to explore, drill, mine, extract, and produce the following substances from the Leased Premises: ___________ **Specific Minerals (if applicable):** ___________ ## 3. Lease Term **Primary Term:** ___________ **Extension:** This Lease shall continue beyond the Primary Term for as long as ___________. ## 4. Bonus Payment The Lessee shall pay the Landowner a one-time bonus payment of $___________ per acre, totaling $___________, due upon execution of this Lease.
Fields (30)
effective date
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landowner name
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lessee name
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property description
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county
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property state
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acreage
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legal description
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minerals covered
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specific minerals
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primary term
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extension condition
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bonus payment
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total bonus
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delay rental
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royalty rate
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royalty schedule
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minimum royalty
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minimum royalty period
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surface damage
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setback distance
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notice period
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water well radius
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cgl insurance
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pollution insurance
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removal period
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assignment
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governing state
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landowner signer name
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lessee signer name
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