Under a Typical Oil and Gas Lease

Multiple Choice

Under a typical oil and gas lease:

A) the lessee conducts and pays for exploration and production.
B) the lessor receives a bonus for signing the lease.
C) the lessor receives a delay rental on the first year anniversary of the lease signing if there has been no production.
D) the lessor receives royalties which represents a share of production.
E) all of these.