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Oil & Gas Lease FormsIs There a Standard Form?

Oil & Gas Lease FormsIs There a Standard Form?

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so we're going to go into something that sometimes causes a little bit of question because it doesn't make any sense at all why someone would waste money like this why would a company lease property but never drill the well now if you've watched my previous videos or if you're educated in this because you have a lease you'll know that when your company comes and leases from you they're paying you money to lease it it's kind of like going out and putting a bunch of offers on houses and going through a bunch of option periods that little one or two week window where uh you pay them money just to take it off the market and then not buying any of the houses and sometimes these bonuses are can be millions of dollars because if you think about it it's typically like around 640 acres in order to drill a well is how much you'll need least and so if you're doing 640 acres and you're paying $2,000 an acre for

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