Separate tracts. One workable leasehold.

A drilling unit is rarely one tract with one owner. It is a patchwork of parcels, each with its own owners, history and expectations, and every one of them has to be accounted for as the acreage comes together.

Broadway works tract by tract: identifying owners, making contact, negotiating terms and documenting each lease, until separate parcels become a coordinated leasehold.

From separate tracts to one leasehold

Five tracts, each with its own owners. Watch the acreage come together, or step through the stages and select a tract yourself.

With the acreage assembled, a proposed horizontal lateral can cross it from the north line to the south.

5 tracts1 coordinated leasehold · 640.00 ac

Tracts

Select a tract to see its acreage, owners and status.

Illustrative example. Not a Broadway record, client or property.

Leasing Services we provide

02.1

Lease Acquisition

Identifying mineral owners and securing the leases a project needs.

Lease acquisition starts with ownership: who holds the executive right, the right to lease, under each tract, and how to reach them. From there it is professional, persistent contact, presenting the offer clearly, answering owners’ questions and following through to an executed, recorded lease.

Owners are dealt with directly and respectfully. Operators get a status on every tract, not just the ones that signed.

What it covers

Owner identification and contact
Signing authority for spouses, trusts, estates and companies
Offer presentation and follow-up
Lease execution, payment coordination and recording
Tract-by-tract status reporting

02.2

Lease Take-Off

Mapping which tracts in an area are leased, open or held, and on what terms.

A lease take-off shows the leasing picture across an area of interest: which tracts are leased, to whom and on what key terms, which appear open, which may be held by production and which need more work before anyone makes an offer.

An old unreleased lease is not necessarily still in force, and an old lease can still be held by production or pooling, so status is checked against production and unit records, not the release index alone. Because the term is used differently across the industry, we agree the scope at the start.

What it covers

Tract-by-tract status: leased, open, held by production, expired or unresolved
Lessor, lessee, dates, recording references and key terms of existing leases
Depth limits and Pugh and pooling provisions that affect availability
Owner and net mineral acre tables with a status map

02.3

Lease Negotiations

Negotiating lease terms that both sides can live with.

Good negotiations end with a lease that gets signed and holds up. That takes an understanding of the terms that matter to operators and the concerns that matter to owners, from bonus and royalty to how royalty is valued, surface use, depth limits and pooling.

Broadway negotiates plainly and keeps the conversation moving, with the long-term relationship in mind.

What it covers

Bonus, royalty and term discussions
Surface use and special provisions
Counter-offers and revised lease forms
Clear communication with owners and operators

Terms, in plain English

All Oil & Gas Land Terms

Leasehold: A leasehold is the interest the lessee receives under an oil and gas lease.
Lease take-off: A lease take-off shows lease status and tract ownership in a specific area.
Pooling: Pooling means combining land or mineral interests from different tracts into one unit for oil and gas production.
Net mineral acres (NMA): Net mineral acres, or NMA, show how many mineral acres a person actually owns after their ownership percentage is taken into account.

Common questions

What is oil and gas lease acquisition?

Lease acquisition is the process of securing leases from the mineral owners who hold the right to lease each tract in a project area. It involves identifying those owners, making contact, presenting and negotiating the offer, confirming who can sign, and seeing each lease through execution, payment and recording.

Related terms: Oil and gas lease, Executive right

What is a lease take-off?

A lease take-off maps the leasing picture across an area of interest: which tracts are leased and on what key terms, which appear open, which may be held by production and which need more research. Because the term is used differently across the industry, the scope of a take-off should be agreed before work starts.

Related terms: Lease take-off

What does “held by production” mean?

A lease is held by production when production, or another savings provision in the lease, keeps it in force after its primary term ends. Whether a lease is actually held depends on its wording and on the production, pooling and operations facts. An old lease with no recorded release is not necessarily still alive.

Related terms: Held by production (HBP), Primary term

How are net mineral acres calculated?

Multiply the gross acres in a tract by the owner’s undivided fraction of the minerals. An owner of one-quarter of the minerals under a 40-acre tract owns 10 net mineral acres. Net mineral acres measure mineral ownership, which is why lease bonuses are commonly quoted per net mineral acre.

Related terms: Net mineral acres (NMA), Bonus

Start your leasing work with Broadway Land.

Tell us about the tract, the lease or the interest, and we’ll tell you what it will take. No job is too big or too small.

Start With Broadway Land (903) 595-0606

32°21′N95°18′W126 W. Amherst St., Tyler, TX 75701patrick@broadwayels.com