Principles of Oil and Gas Lease Analysis: Uncommon Clauses - Principles of Oil and Gas Lease Analysis #2
Publisher: Oil Patch Press
This reference book is Volume 2 of the series, "Principles of Oil and Gas Lease Analysis." It was written by an oil and gas lease professional with over 40 years of experience in the industry, for the purpose of training other oil and gas lease professionals. It contains a large number of oil and gas lease clauses not commonly found in recorded leases, but often found in private, unrecorded oil and gas leases. Each clause includes an assortment of examples of that same type of clause.
This book serves as an important training tool for the oil and gas lease professional to learn how to read and comprehend lease clauses correctly. The professional also learns how to determine what important data to extract from each clause, for data entry into the oil and gas lease record.
A complete copy of each clause is given, with the important words and phrases bolded and italicized for learning comprehension skills. It is then reduced to a simplified version for easy reading. The reader is provided the method of analysis for each clause, together with management policies applications, computer database applications, and internal workflow procedures for each clause, as normal to the industry. When applicable, the examples also point out when a particular clause could conflict with other clauses in the oil and gas lease. An explanation is given for recommended action by the lease analyst when they incur such a conflict during their analysis. 135,230 words.