Oil & Gas Leases: Overview | Practical Law
A Practice Note providing an overview of key issues of oil and gas leases in Texas. This Note discusses leasehold interests, goals of the lessor and lessee, and the effects of common lease clauses, such as the granting clause, habendum clause, and shut-in royalty. This Note also discusses implied covenants in oil and gas leases and issues to consider when drafting or interpreting a Texas oil and gas lease.