Upstream Oil & Gas Lease Transactions

Summary

This practice note discusses your role as attorney in protecting the interests of both lessor and lessee, depending on which party you represent, in oil and gas lease transactions. As contractual agreements between lessor and lessee may last for many years, this practice note will help guide you in the careful consideration that should be given to key terms, royalty payments, ownership of minerals, among other items, in an oil and gas lease negotiations.