This is to be included in basic lease agreement. Fracing pay is a separate operation on a separate form.
-
move in pay $3000
-
Spud pay $3000
-
Drilling under basic lease agreement
-
Completion pay (run casing)
$3000
-
if not completed $25000 for loss of projected royalty (dry,hole problems, etc) and destroyed value of mineral property
-
If completed and fracing is recommended with high hopes and against the odds
$25000. Don’t let them destroy your mineral value forever then scram out.
-
Further life lessons available