Common use of Oil Clause in Contracts

Oil. To deliver to the credit of Lessor, free of cost, a Royalty of the equal percent ( %) part of all oil and any constituents thereof produced and marketed from the Leasehold.

Oil. To deliver to the credit of Lessor, free of cost, a Royalty of the equal sixteen percent ( (16%) part of all oil and any constituents thereof produced and marketed from the Leasehold.