Mineral Lease

A mineral lease is a legal agreement that grants a company or individual the right to explore, extract, and develop minerals—such as oil, gas, or other natural resources—from a specific area of land. In exchange, the leaseholder typically pays royalties or fees to the landowner. The lease specifies the duration, boundaries, and rights involved, allowing the leaseholder to operate without owning the land itself. This arrangement balances resource development with landowner rights and is common in the energy and mining industries.