A recent Texas appellate court decision outlines the mechanics of a "most favored nations clause" in an oil and gas lease. These clauses require that a mineral lessor treat the lessee as well as any other lessee in a defined area. Such clauses may be beneficial to the landowner in an oil and gas lease and should at least be considered during negotiations.
This article was first published at the Texas Agriculture Law Blog: http://agrilife.org/texasaglaw
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