Intent to Lease Clause in Oil and Gas Lease

Bud · 2016-09-06T16:18:53Z

Ran into a problem recently with an OG lease I signed in the past that had a clause that "I intended to lease all of my holdings in a Section" and intended to "lease with this party" even though the present lease was for only part of my holdings. This clause was after most of the details of the lease and I didn't even notice it. It was my error not to read the lease carefully. But, be sure and look for any clauses that limit your right to lease additional OG minerals. It turned out OK for me but involved additional paperwork and aggravation.

General Mineral Rights Discussion