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PAID UP OIL GAS LEASE with POOLING University Lands  Form

PAID UP OIL GAS LEASE with POOLING University Lands Form

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hello before you drill the well you've got to require the lease let's look at the type of mineral ownership in the u.s. there is private ownership state ownership federal ownership and Native American ownership private ownership of land in the United States accounts for approximately two-thirds of all land let's look at the property rights of landowners there is the fee simple ownership most often called a fee which is ownership of the land surface and minerals there is surface ownership sometimes referred to as a fee and the surface owns only the surface not the minerals below the surface there is the mineral owner sometimes referred to as the mineral fee is where the mineral owner only owns the minerals and not the surface land the owner of the minerals is the only one who has the right to lease the minerals for oil and gas there is the royalty owner the royalty owner owns a portion of the oil or gas that is produced from the land and then one might have an ov

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