Written by Douglas C. Atnipp and Frank R. Bradley III.
The primary document which governs the contractual and real property rights, privileges and obligations of the landowner (i.e., lessor) and the energy company (i.e., lessee) is the oil and gas lease. Before a landowner grants an O&G lease to a lessee, he should carefully consider some key provisions to protect himself and to maximize economic benefit. This article will discuss in greater detail the inclusion of a pooling clause and a Pugh clause in an O&G lease.
This article will discuss in greater detail the inclusion of a pooling clause and a Pugh clause in an O&G lease as briefly discussed in “Top Issues Facing Landowners of Oil and Gas.”
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