Make your Free
Oil Lease

  • Answer simple questions to create your document
  • Sign & share your document online
  • Save progress and finish on any device; download & print at home

How it works

  • Build your
    document
  • Save, print
    & share
  • Sign it &
    Make it legal
Sample Oil Lease Form Template
How it Works
Build your Document
Save, Print & Share
Sign it & make it legal

Oil Lease Basics

You have a hunch that there's oil on private property, but you need an Oil Lease before you can start exploring. Or maybe your great aunt has left you some property - or mineral rights - in an area where oil has been found. When you get a call from an eager prospector, you'll want to sign an Oil Lease that ensures you get your share if the site yields a gusher.

Use the Oil Lease document if:

  • You would like to lease your land for oil and/or gas exploration and production..
  • You are engaged in the business of oil and/or gas exploration and production and you would like to lease property for exploration.

An Oil Lease grants the rights to explore and extract oil from a private property. It may also cover rights to extract gas and related minerals. You'll need to have a good understanding of the rules, and your rights, before you sign. After all, an Oil Lease might come to nothing, but the stakes are high if the site proves to be rich. The lease will lay out a structure for paying royalties from any oil that is discovered. Generally, oil royalties are paid as a percentage of the oil that is produced. An Oil lease may include a requirement that the prospector begin exploration or drilling within a specific time period. You can also decide up front whether the owner or the lessor can assign their rights to another party. You should have details of the arrangement in writing well before mining equipment is in the picture. An Oil Lease can help you, whether you're a soon to be tycoon or not.

Other names for this document: Oil and Gas Lease, Oil Lease Form, Oil Lease Agreement


Sample Oil Lease

More than just a template, our step-by-step interview process makes it easy to create an Oil Lease.

Save, sign, print, and download your document when you are done.

Get legal advice

From Rocket Lawyer On Call® attorneys.

Characters remaining: 600

Oil Lease Basics

An Oil Lease grants the rights to explore and extract oil from a private property. It may also cover rights to extract gas and related minerals. You'll need to have a good understanding of the rules, and your rights, before you sign. After all, an Oil Lease might come to nothing, but the stakes are high if the site proves to be rich. The lease will lay out a structure for paying royalties from any oil that is discovered. Generally, oil royalties are paid as a percentage of the oil that is produced. An Oil lease may include a requirement that the prospector begin exploration or drilling within a specific time period. You can also decide up front whether the owner or the lessor can assign their rights to another party. You should have details of the arrangement in writing well before mining equipment is in the picture. An Oil Lease can help you, whether you're a soon to be tycoon or not.

Other names for this document: Oil and Gas Lease, Oil Lease Form, Oil Lease Agreement

Use the Oil Lease document if:
  • You would like to lease your land for oil and/or gas exploration and production..
  • You are engaged in the business of oil and/or gas exploration and production and you would like to lease property for exploration.
Read {{ showMore ? 'Less' : 'More' }}

Ready to create your Free Oil Lease?

Your document is free within your one week membership trial.

Meet ALL your legal needs with a Rocket Lawyer membership.
Document Defense®
Have an attorney ready to defend your document
Document Review
Review up to 6 documents a year with an attorney
Ask a Lawyer
Get 2 Q&A sessions with an attorney every month
1-on-1 Legal Advice
Enjoy 30-minute consultations  on each new legal matter
Exclusive Discounts
Save on additional legal services from our nationwide network of lawyers
Unlimited Documents
Access hundreds of legal documents, plus extra features like electronic signatures