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What is a motherhood clause?

motherhood statement (plural motherhood statements) (chiefly Canada, US) A vague, feel-good platitude, especially one made by a politician, that few people would be able to disagree with. quotations \u25bc

What type of lease gives a lessee the rights to oil and gas under the lessor's land?

A mineral lease is a contractual agreement between the owner of a mineral estate (known as the lessor), and another party such as an oil and gas company (the lessee). The lease gives an oil or gas company the right to explore for and develop the oil and gas deposits in the area described in the lease.

What are oil and gas leases?

Definition of oil and gas lease : a deed by which a landowner authorizes exploration for and production of oil and gas on his land usually in consideration of a royalty.

How do I research an oil and gas lease?

How do you determine if your property is already subject to a recorded oil and gas lease? A search of the public records at the county register of deeds office is necessary. For example, in Oceana County, the public records are available online, or you can go to their office.

How do US oil leases work?

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.

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