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OIL AND GAS LEASE NO. MICHIGAN DEPARTMENT OF NATURAL RESOURCES By authority of Part 5, Section 502, 1994 Public Acts 451 as amended. This Lease, made and entered into this of in the year, By and between

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What is oil and gas lease?

An oil and gas lease is a contract granting the lessee the right to explore, drill, and extract oil and gas resources from a specific piece of land.

Who is required to file oil and gas lease?

Oil and gas companies or individuals who hold the lease are required to file the oil and gas lease.

How to fill out oil and gas lease?

To fill out an oil and gas lease, one must include information about the parties involved, the terms of the lease, royalty payments, and other relevant details.

What is the purpose of oil and gas lease?

The purpose of an oil and gas lease is to regulate the exploration and extraction of oil and gas resources from a specific piece of land.

What information must be reported on oil and gas lease?

Information such as the parties involved, the terms of the lease, royalty payments, and details about the land must be reported on an oil and gas lease.

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