ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Clause / TermOffer 1Offer 2Offer 3
2
Bonus per net mineral acre
3
Royalty fraction
4
Royalty based on gross proceeds, cost-free?
5
Lease extension option (bonus rate)
6
Primary term length (years)
7
Continuous development clause included?
8
Maximum shut-in period (years)
9
Horizontal Pugh clause included?
10
Vertical Pugh clause included?
11
Depth clause (limit beyond producing horizon)?
12
Pooling unit size limit (acres)
13
Assignment requires notice/consent?
14
Royalty based on gross proceeds at point of sale?
15
'Free use of gas/oil' clause omitted?
16
Audit rights granted?
17
Payment tied to completed title?
18
Title research completed prior to execution?
19
NEMIs identified and addressed?
20
Bonus/royalty tied to net mineral acres confirmed by title?
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100