Deed – Mineral Leases

Lease Seq #

Assigned by the system

Lessee

Lessee Sub-Account number

Original Lessor

Name of original lessor

Current Status

Status of lease (i.e. Leased)

G/L lease Sub- Account

General ledger Sub-Account for the property (lookup capability)

Start date

Start date of the mineral lease

Expiration Date

Expiration date of the mineral lease

Spacing

Identify spacing information if applicable

Free Royalty

Use drop-down to select product.

Gross Acres

Enter gross acres included in the mineral lease

Net Mineral/ Royalty Acres

Enter net mineral / royalty acres included in the mineral lease

Bonus Amount

Enter Bonus amount if applicable

Rental Amount

Enter rental amount if applicable

Min Royalty Amount

Enter minimum royalty amount as per the lease

DOI %:  Royalty, ORRI and WI

Enter the Royalty interest, Overriding royalty interest and Working interest if applicable

Clauses

Identify the clauses that are included in the mineral lease

Comments

Enter in any additional information.

Wells

Identifies wells that are associated with the deed under the G/L Wells Tab