Definition of oil and gas lease
:a deed by which a landowner authorizes exploration for and production of oil and gas on his land usually in consideration of a royalty
What's Trending Now
More Trending Words
oil and gas lease
noun
Explore M-W
There's more!
Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up oil and gas lease? Please tell us where you read or heard it (including the quote, if possible).
