Oilfield Basics

1.1 Introduction & Essential Terms

1.3 Granting Clause

1.4 Implied Rights & Minerals Leased

1.5 Other Rights Given in Granting Clause

1.6 Depth Limitations & The Legal Description

1.7 Mother Hubbard Clause & Source of Title

1.8 Primary & Secondary Term

1.9 Drilling Operations Clause & Continuous Drilling Operations Clause

1.10 Paid Up vs Delay Rentals

1.11 Clauses: Dry Hole, Royalty, Most-Favored Nations, Shut-In Royalty, Lesser Interest

1.12 Free Use of Water & Gas, Damages & Rights after Termination

1.13 Assignment

1.14 Clauses: Entireties, Pooling & Pugh

1.15 Expressed & Implied Covenants

1.16 Obligation to Defend Title & Surrender of Marital Rights

1.18 Counterparts, Free Gas & Force Majeure

1.19 Acknowledgement