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Mineral Lease Other ClausesND Oil & Gas Law Form

Mineral Lease Other ClausesND Oil & Gas Law Form

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welcome to oil and gas with energy law prof right now we're going to do a quick preview of several concepts that will come up again and again throughout our oil and gas course so we're going to talk about the different kinds of oil and gas interest there are in the united states and it'll just be a very brief introduction to each of these interests so the most common type that we've talked about is that fee interest so we know that because of the rule of ad coellum if you are a landowner in the united states if you haven't sold your minerals they still belong to you so that common fee interest would give you both the surface and the minerals below them now you can sell your mineral interest to someone else so they may own the mineral interest and they may own the executive right which is the right to lease those minerals or choose how they're developed we'll talk about that you could also have a leasehold interest so commonly if a

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