Oil Patch PressAug 8, 20225 minDivision Orders Clause in an Oil and Gas LeaseAs of the current printing of this book, Texas is the only state allowing production revenues to be withheld from an owner, and interest...
Oil Patch PressAug 1, 20225 minCost-Free Royalty Clause in the Oil and Gas LeaseLeasehold royalty owners are exempt from bearing any of the costs of exploring, drilling, equipping, and producing oil or gas from the...
Oil Patch PressJul 18, 20223 minOverpayments Clause in the Oil and Gas LeaseMore than a few Lessors have experienced a demand by a Lessee to return signing bonus or royalties paid, when the Lessee discovers the...
Oil Patch PressJul 11, 20225 minNonparticipating Royalty Clause in an Oil and Gas LeaseAlso called “NPRI” by analysts, a non-participating royalty gets its name from its non-participation in signing bonus, delay rentals,...