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Oil and Gas Lease Sample ClausesLaw Insider

Oil and Gas Lease Sample ClausesLaw Insider 2025

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The document is an Oil and Gas Lease agreement between the State of Ohio (Lessor) and a designated Lessee, outlining the terms for leasing land for oil and gas exploration and production. It details the rights granted to the Lessee, including exploration, drilling, and production activities, while reserving certain rights for the Lessor. The lease specifies conditions regarding surface use agreements, royalty payments, insurance requirements, compliance with laws, and responsibilities related to environmental protection. Additionally, it includes provisions for assignment of rights, audit rights, default conditions, and termination clauses.

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