Property Ownership
An oil and gas lease on Pennsylvania farmland grants the lessee the right to:
APurchase the surface land
BExplore for and extract oil and/or gas from the subsurface during the lease term✓ Correct
CPermanently occupy the surface for drilling equipment
DSubdivide the mineral rights into separate parcels
Explanation
An oil and gas lease grants the lessee the right to explore, drill, and extract oil and gas from the subsurface during the lease term (and as long as production continues). In Pennsylvania's Marcellus Shale region, these leases carry significant value and affect property marketability.
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