# Cleveland County, OK Capstone Company

**URL:** https://www.mineralrightsforum.com/t/cleveland-county-ok-capstone-company/73124
**Category:** Oil and Gas Leasing Help
**Created:** [November 20, 2023, 5:47pm UTC](https://www.mineralrightsforum.com/t/cleveland-county-ok-capstone-company/73124 "2023-11-20T17:47:36Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Hilary\_Toups](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/hilary_toups/32/12874_2.png) [@Hilary\_Toups](https://www.mineralrightsforum.com/u/Hilary_Toups)
#### Post date: [November 20, 2023, 5:47pm UTC](https://www.mineralrightsforum.com/t/cleveland-county-ok-capstone-company/73124/1 "2023-11-20T17:47:36Z")

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My mother received a letter from Capstone Land Company stating they plan on drilling a well in Section 10-07N-02W and will be going before the Oklahoma Corporation Commission to have this Section pooled.

They are extending two offers: $650.00 per net mineral acre bonus 12.5% Royalty in the event of production 3 year + 2 year option to renew or $550.00 per net mineral acre bonus 18.75% Royalty in the event of production 3 year + 2 year option to renew

Is it better to accept one of these offers or wait for the pooling? I thought the pooling was like an automatic lease.

Thanks for any advice!

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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: [November 20, 2023, 5:51pm UTC](https://www.mineralrightsforum.com/t/cleveland-county-ok-capstone-company/73124/2 "2023-11-20T17:51:31Z")

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Personally, I always ask for what they are offering at 20% and 25% just to see if they have those options. I do not allow an option to renew.

If you have not leased in a while, it would be a good idea to get a good oil and gas attorney to review any draft lease as it will need edits to get it fairer for the mineral owner. If I do not have much acreage or cannot get a good modern lease, then I go for the pooling.

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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: [February 18, 2024, 5:48pm UTC](https://www.mineralrightsforum.com/t/cleveland-county-ok-capstone-company/73124/3 "2024-02-18T17:48:16Z")

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