So You Just Received A Lease Proposal. Now What?

So You Just Received A Lease Proposal. Now What?

For those unfamiliar with the oil and gas industry, the term ‘mineral rights’ may seem foreign. Put in layman’s terms, mineral rights are the vehicle by which unrecovered oil and gas assets are bought, sold, leased, owned, and bequeathed. Mineral rights are measured as a percentage of the total minerals that lay under the surface of a piece of land, and the holder of these rights has the option to capture or recover those minerals, or to delegate a third party to capture or recover those minerals. Because mineral rights… read more