This reference book 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 found in recorded and unrecorded leases, each with 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 extract the important data 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, then reduced to a simplified version for easy reading. The reader then is provided the method of analysis for the clause, management policies applications, computer database applications, and internal workflow procedures for the clause normal to the industry. When applicable, the examples also point out when a particular clause can conflict with other clauses in an oil and gas lease, and what action is recommended for the lease analyst when they incur such a conflict during their analysis. 79,162 words.