Form 659 2026

The document is an Oil, Gas and Mineral Lease agreement in Texas, outlining the terms under which a Lessor grants a Lessee exclusive rights to explore, drill, and produce oil, gas, and other minerals from specified land. It details the lease duration, royalty payments, pooling rights, operations obligations, and provisions for ownership changes and breach of contract. The lease is characterized as 'paid-up,' meaning the Lessee is not required to commence operations during the primary term.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the date at the top of the form, ensuring accuracy for legal purposes.
In the Lessor section, enter the name(s) and address of the property owner(s). This is crucial for establishing ownership rights.
Next, provide the Lessee's name and address. This identifies who will be leasing the land for mineral extraction.
In paragraph 2, describe the leased premises, including county and state details along with acreage. Be precise to avoid future disputes.
Specify the term of the lease in paragraph 3. Clearly state how many years this agreement will last.
Fill out royalty payment details in paragraph 4, indicating how royalties will be calculated and paid to Lessor.
Complete any additional sections as required, ensuring all fields are filled accurately before finalizing your document.

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