Oil & Gas Lease

# Oil & Gas Lease This Oil and Gas Lease ("Lease") is entered into as of ___________ by and between: **Lessor:** ___________, residing at or with a principal address of ___________ ("Lessor"); and **Lessee:** ___________, a ___________ with a principal address of ___________ ("Lessee"). --- ## 1. Leased Premises Lessor hereby leases and lets to Lessee, exclusively, for the purposes herein described, the following described land (the "Leased Premises"): **County and State:** ___________ **Legal Description:** ___________ **Gross Acres (approximate):** ___________ **Parcel / APN:** ___________ Together with all rights of ingress and egress, the right to use water from non-potable sources on the Leased Premises for Lessee's operations (subject to Section 9), and all easements reasonably necessary to conduct operations hereunder. --- ## 2. Purposes This Lease is granted for the sole purposes of exploring for, drilling, producing, treating, storing, and transporting oil, gas, casinghead gas, condensate, and all other liquid or gaseous hydrocarbons (collectively, "Minerals"), together with all operations incidental thereto, including but not limited to seismic surveys, water disposal, and construction of roads, pipelines, and tank batteries reasonably necessary to conduct such operations. --- ## 3. Term **Primary Term:** ___________ years from the effective date ("Primary Term"). **Secondary Term:** This Lease continues beyond the Primary Term as long as Minerals are produced in paying quantities from the Leased Premises or from lands pooled therewith, or as otherwise provided herein.