Lex an Nate--my family has been in the oil business for 35 years. We have extensive experience in both purchasing and leasing mineral rights. Typically, a lease has a term attached to it; however, if a discovery is made that lease becomes perfected, and permanent. Depending on how the lease is written, it can also be transferable.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.