It means "Held by Production" means that the Oil & Gas Company has drilled a Well which is capable of producing.

The oil company needs a legal interest to be on the land and / or to extract the resources. There is a fair compensation negotiated and paid to the Landlord for this.

Within two to three months, you will receive your first payment and after that royalty payments or Land Lease Payments will then be paid monthly.

Oil and Gas Leases grant the Landowner the right to explore for oil and gas. You will want to have your land consultant explain normal and fair compensation, rights of the landowner, risks to the landowner, restrictions on your future development, etc.

We can insert in indemnification clauses into the agreement to indemnify and protect you in the instance where the Company is liable.

• The environment is hugely protected and vigorously regulated by the government
• Precautions are taken (and regulations are in place to impose this on Oil and Gas Companies);
• The Oil and Gas industry's record in this regard has been impeccable over the past 25 years.

• Some exploration companies use Helicopters to determine whether it is feasible to build a location in a specific area or to scope out an area for pipeline or seismic operations;
• Company Employees and Consultants may visit the property from time to time and it can be agreed that they will notify you in advance. We can help you negotiate clauses to ensure that your disturbance (noise, late hours, lights at night, dust, etc) will be kept to a minimum.