The lien includes an assignment of production proceeds from the borrower. Typically, there will be a provision which provides that notices to first purchasers to deliver such proceeds to lenders’ agent will only be delivered upon a continuing event of default.
There will also be an Environmental Indemnification in which Lenders are indemnified from liability with respect to violation of environmental laws or release of hazardous materials on Loan Parties’ oil and gas parties, including the costs of investigation and remediation.