What is a Mineral Lease?
A. A mineral lease is a contract that gives an energy company the right to extract and produce your minerals. Typically, the owner of the mineral rights is paid a bonus when such a lease is signed. Then, the mineral owner will receive royalty payments based on the percentage of a well’s production and on the amount the operating company is paid for the natural gas.
Related Questions
- If I signed a mineral lease and received my entire signing bonus payment, can the lawyers help me evaluate whether I am in a drilling unit or why I have not received any royalty payments?
- Can I fossick within a registered mineral claim, mining lease, retention lease or miscellaneous purposes licence?
- How much can I expect to lease mineral acres for? What is the record oil lease?
