# Advice on Oil & Gas Lease

**URL:** https://www.mineralrightsforum.com/t/advice-on-oil-gas-lease/81283
**Category:** Williams County, ND
**Created:** [May 8, 2025, 12:50am UTC](https://www.mineralrightsforum.com/t/advice-on-oil-gas-lease/81283 "2025-05-08T00:50:33Z")
**Posts on this page:** 3
**Page:** 2

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### Author: ![Skimo](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/50afbb/32.png) [@Skimo](https://www.mineralrightsforum.com/u/Skimo)
#### Post date: [June 2, 2025, 9:58am UTC](https://www.mineralrightsforum.com/t/advice-on-oil-gas-lease/81283/21 "2025-06-02T09:58:13Z")

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I assume you are negotiating with Phoenix and Koda? I have NMA in the same Township in sections to the East. We have signed a few leases recently in 159 Range 103.

All have been 4 years with 2 year extension. I haven’t heard of anyone getting a 3 year lease recently.

Depending on how important your acres are in the Drilling Unit, you can definitely get more than $500/nma. I assume your DU will include Sections 6, 5, 7, 8, 18 and 17. They will run wells in a 3 mile lateral, likely a few legs covering those sections.

Have you let them know that you are talking to the Landman representing Phoenix/Koda/whomever? Make sure you don’t mention the $ amount, make them offer an amount. Be patient, and wait for them to come back. Also, all of ours have been 20%.

Good luck with a lawyer. You might have better luck looking outside of Williston, most are all booked or already representing the Oil Companies.

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### Author: ![Norse](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/n/a9adbd/32.png) [@Norse](https://www.mineralrightsforum.com/u/Norse)
#### Post date: [June 8, 2025, 12:30am UTC](https://www.mineralrightsforum.com/t/advice-on-oil-gas-lease/81283/22 "2025-06-08T00:30:38Z")

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Have you, or are you having an attorney review the lease?

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 6, 2025, 12:50am UTC](https://www.mineralrightsforum.com/t/advice-on-oil-gas-lease/81283/23 "2025-08-06T00:50:58Z")

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