Under a Typical Oil and Gas Lease

question 8

Multiple Choice

Under a typical oil and gas lease:

• A)the lessee conducts and pays for exploration and production.
• B)the lessor receives a bonus for signing the lease.
• C)the lessor receives a delay rental on the first year anniversary of the lease signing if there has been no production.
• D)the lessor receives royalties which represents a share of production.
• E)all of these.

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