Property Ownership
A Texas mineral lease (oil and gas lease) creates a:
APermanent sale of the mineral rights
BA determinable fee interest in the minerals for the lessee for the primary term and as long as production continues✓ Correct
CA surface use easement only
DA non-renewable 30-day license
Explanation
An oil and gas lease creates a defeasible term interest (a form of real property interest) in the mineral estate for the lessee — valid for the primary term and continuing as long as oil or gas is produced in paying quantities.
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