What is a gas lease?

Answer by  mammakat (11147)

A gas lease is issued by the landowner to grant rights to explore and extract gas, oil and minerals. A warranty deed states that the seller, or grantor, has a clear title to a piece of property and the right to sell said property to the buyer, or grantee, and extends back to the recorded origin of the property.

Answer by  Cecilia (2828)

These are two different questions. A lease of any sort is 'renting' access to an asset, in this cas natural gas. A warranty deed deals with owning the property.