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EAG Inc.

The document already says it. Getting it out is the job.

What’s actually inside a lease, a deed and a title opinion? Week 1 told us where the time goes. Week 2 let land professionals say it in their own words. This week we open three documents up, field by field, and mark what is reachable and what still needs a person.

What the lease says

… shall pay to Lessor as royalty three-sixteenths (3/16) of the gross proceeds realized…

↓  the part a person has to extract

Royalty rate
0.1875

One value. Written in a sentence, on page nine, in an instrument that is filed as an image.

26

land professionals answered the Week 1 poll

77%

of what they named was administrative, not judgment

12

lease provisions that come up often enough to matter

2

parts of the review that should stay human, in our view

- The work before the work

It isn't missing. It's buried.

A lease knows its own royalty rate. A title opinion knows every curative requirement it raised. A deed knows exactly what was conveyed and what was reserved. None of it is lost.

It is written in prose, filed as an image, and therefore unreachable by anything except a person reading it again. That is why the answer to a simple question takes an afternoon, and why the same clause gets read four times by four people in the same month.

Three weeks of asking produced the same sentence in a dozen different forms, so this week we are going to be specific about it. One lease, one deed and chain, one title opinion. What is inside each, what is separable, and what is judgment.

The hardest part isn't finding the document. It's finding the right clause, in the right version, three amendments later.
A magnifying glass over land documents returning five near-identical passages and one empty result, showing why searching for oil and gas lease provisions returns matches, not an answer.
- What Week 1 turned up

The hours don't disappear. They move.

Every one of these is a symptom of the same thing. The content of the document is not reachable, so people compensate with their own time.

1
Correcting data that was captured inconsistently

The same field entered three different ways, so somebody cleans it before it can be used.

2
Re-reading the same clause to confirm what it says

The clause has not changed. Your certainty about it has, so you go back and check.

3
Entering the same data point into more than one system

Typed once into the land system, once into the spreadsheet, once into the report.

4
Reconciling two records that should already match

Two systems disagree about the same tract and somebody has to decide which is right.

5
Waiting on someone else to confirm what a document says

The file stops moving until somebody who is in a meeting gets back to you.

The cost shows up downstream, which is why it’s hard to see and harder to budget for.

How a question gets answered today

Prose in, prose out. A person is the index.

What has to be true for that to change

Not a tool. A precondition. This is the whole week.

Week 3 of 4 · Wednesday · Deeds and chain

Six instruments. Put them in order.

Below are six recorded instruments affecting one tract. Place them in a valid chain of title, earliest to most recent, then commit to your answer. You get one submission.

About 90 seconds

Unplaced instruments

Tap one to drop it into the next open position.

Your chain of title

Earliest at the top. Use the arrows to reorder.

Enter for your chance to win a $50 Amazon gift card

Everyone who enters before Friday 18 September goes into the draw. We will also send you the full Week 1 findings with your result.

One entry per person. Open to land professionals in the United States aged 18 or over. No purchase necessary. Winner drawn at random on Monday 21 September and notified by email.

Opened up, field by field

Three documents. One a morning, all week.

One section a morning. Each one links to the full breakdown, and each breakdown is written as text, not just a diagram, so it can be searched and quoted.

Mon 14 Sep The reframeLive

We spent two weeks establishing that land teams lose the week before the analysis starts. This week is about where that time physically goes: into prose that nobody can query.

Monday's interactive asked you to guess how the Week 1 poll actually split. It is still open, and it is still an entry into the draw.

Tue 15 Sep Anatomy of an oil and gas leaseLive

Twelve fields come up often enough to matter. Every one of them is written in prose, and every one of them ends up re-typed somewhere else.

OIL AND GAS LEASE 1 2 3 4 5 6 7 8 9 10 11 12
  • 1Primary term
  • 2Secondary term and what holds it
  • 3Royalty rate
  • 4Pugh clause, if there is one
  • 5Depth severance
  • 6Shut-in provisions and payment dates
  • 7Continuous drilling obligations
  • 8Pooling authority and limits
  • 9Surface use restrictions
  • 10Assignment and change of ownership
  • 11Extension and renewal options
  • 12Legal description of the leased premises

Numbers match the marks on the document. None of them is a field until somebody makes it one, and that is the job, repeated once per instrument.

Wed 16 Sep Anatomy of a deed and a chain of titleLive

Eight fields on the instrument itself, plus the part no single document holds: the order. A chain is only as good as the instrument nobody filed, which is what today's interactive is about.

  • 1Grantor and grantee
  • 2Effective and recording dates
  • 3Legal description of what was conveyed
  • 4Interest conveyed, and the fraction
  • 5Reservations and exceptions
  • 6Burdens created or carried forward
  • 7Recording reference, book and page
  • 8Prior instrument relied on
  • The instrument that breaks a chain is almost never the one you are looking at. It is the one that was never filed, and nothing in the file says it is absent.