Oil And Gas Lease Explained
Oil and gas lease are oftentimes mentioned in the oil industry but not a lot of people actually understand what it is. In a lease, there are parties involved. First, there is the landowner. He owns the rights to the land including the surface and the minerals that can be extracted from it. Second, there is a landman. He is the negotiating person between the landowner and the oil company. He is a person hired by or working for the… Read the rest
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