This new edition, authored by two experienced land professionals, takes a basic approach to explaining the legal aspects of using land for mineral production, including ownership, leasing, and agreements for exploration and development. Readers learn about oil and gas leases, government regulations, and cooperative agreements between companies. Land and Leasing is especially useful for landowners, oil and gas investors, oil company employees, land professionals, and anyone interested in becoming a land professional. Appendices offer supplemental information on regional leasing practices and calculating interests.