In Texas, an oil and gas lease grants to the lessee the fee mineral estate in the leased premises for the term of the lease. The lease provides for an initial term during which the lessee need do nothing in order to keep the lease in effect — called the “primary term.” Thereafter, the lease terminates unless the lessee is producing oil or gas or conducting operations in an ef...
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Oil and Gas Lawyer Blog's title: Oil and Gas Lawyer Blog — Published by Oil Gas and Mineral Law Attorney — Oil and Gas Lease Lawyer — John McFarland