BEWARE AND DO NOT DO THIS!!!! This is a trick lease form. The lease form states " As royalty, Lessor reserves an equal one-fourth (25%) part of the Royalty from the sale of all oil, gas and condensate.... This is NOT a 1/4 Royalty. It is 25% of the royalty = 1/4 X 14 = 1/16. Essentially you are "selling" 75% of your minerals for as long as there is production. The lease form only contains 2 paragraph regarding the lease terms and most of the remainder is about forcing you into binding arbitration if you are unhappy once you figure out what happened. GO TO A LAWYER before you sign a lease to make sure that you understand the meaning and legal effects of the document. I recently saw that someone in Ward County signed this document and it is terrible.