One oil & gas company buys and interest from another in an existing oil field, often to help finance development & production

One oil & gas company buys and interest from another in an existing oil field, often to help finance development & production

An oil and gas lease is an agreement where a landowner grants permission to explore and extract oil and gas on their property, in return for a predetermined royalty payment. This term also encompasses any license, lease agreement, sublease, or occupancy arrangement through which a lessee acquires the rights to extract hydrocarbons from the land. I came across a blog that covers everything you need to know about oil and gas leases at Mineralview. my point of view its a good reading blog

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um no oil is an oil and gas is well of course a gas therfore gas powers things and oil well........ no