# Bad or Good lease agreement McClain County, OK

**URL:** https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394
**Category:** McClain County, OK
**Created:** [July 13, 2019, 4:05pm UTC](https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394 "2019-07-13T16:05:02Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![EdLee](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/e/a9adbd/32.png) [@EdLee](https://www.mineralrightsforum.com/u/EdLee)
#### Post date: [July 13, 2019, 4:05pm UTC](https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394/1 "2019-07-13T16:05:02Z")

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Back in 2017 my sister said, “Here, sign these papers.” I did. I had no clue. The agreement was with Maoli Energy LLC. One-fifth part production on Sections 11 and 14, Township 5 North, Range 3 West, 100 acres. For three years, we got paid $600/acre. Is this fair value or not?

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### Author: ![Frank\_Pfisch](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/f/5daacb/32.png) [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [July 14, 2019, 12:21pm UTC](https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394/2 "2019-07-14T12:21:44Z")

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“Fair value” is a nebulous standard. It is certainly “adequate.”

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 17, 2019, 3:09pm UTC](https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394/3 "2019-07-17T15:09:24Z")

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Water under the bridge. The 1/5th royalty is certainly better than a 3/16ths royalty. The bonus doesn’t matter that much in the long term scheme of things.

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### Author: ![OkieDokie1](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/o/848f3c/32.png) [@OkieDokie1](https://www.mineralrightsforum.com/u/OkieDokie1)
#### Post date: [September 25, 2019, 2:29pm UTC](https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394/4 "2019-09-25T14:29:06Z")

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I would counter with 21% royalty with a $400 bonus, but that is just my opinion and I do not want to influence you in any way.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:03pm UTC](https://www.mineralrightsforum.com/t/bad-or-good-lease-agreement-mcclain-county-ok/48394/5 "2025-01-11T18:03:43Z")

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