If you are in the process of negotiating an oil and gas lease and want to insure accurate and fair compensation for future royalties on that lease, there are specific items that TR Measurement Witnessing LLC recommends that you include in your lease language. 

For more information or a consultation, contact TR Measurement Witnessing LLC

LEARN TO UNDERSTAND THE LEASING PROCESS

     -   What questions you the Lessor should ask the Landman.

     -   How to begin educating yourself and determining the Facts.

     -   How long should one expect the negotiation process to take

LANGUAGE RECOMMENDATIONS

1. The specific language required to insure royalties are compensated at a fair product price
   -- What pricing language option may be best for your area and situation?
   
   
2. What documents need to be specifically received once production begins that must be stated in the Oil and Gas Lease to insure you receive the pertinent data to audit or verify your royalty payments.
   
   
3. What language is necessary to guarantee an adjustment to past volumes can be achieved when meters are found out of calibration.

Disclaimer
Most Oil and Gas Attorneys have extensive lease forms and highly detailed language.  There may be however specific items pertinent to measurement and accounting that only experienced field production operations personnel understand.  TR Measurement Witnessing, LLC is NOT an attorney.  TR Measurement Witnessing LLC consults Clients based on 25 years of practical experience in the industry.