STATE OF MICHIGAN OIL AND GAS LEASE AUCTION - michigan: Fill out & sign online

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Are oil and gas leases recorded?

The memorandum of lease is a short form version of the oil and gas lease. The memorandum of lease is recorded. The full lease will not be recorded. You may also receive an addendum.

What is a fee lease oil and gas?

Oil leases are agreements between an oil and gas company known as the lessee and mineral owners known as a lessor, in which the lessor grants the lessee the permission to explore, drill, and produce those minerals for a specified period known as a primary term or as long as the minerals continue to be productive.

Can you negotiate an oil and gas lease?

Negotiating an oil and gas lease will require some research upfront. If youre a landowner interested in working with an oil and gas company, you should explore their history and experience. Youll want to work with a reputable company that works in your best interests, holds a high standard, and maintains insurance.

Where are mineral leases recorded?

Check the County Clerks Office To find information on mineral rights, you may also visit the county clerks office in the county where the minerals are located. This office stores data, documents, and records of leases and deeds filed for mineral rights.

Who controls oil and gas leases?

The BLM issues competitive leases for oil and gas exploration and development on lands owned or controlled by the Federal government.

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