# Do you get paid bonus when company extends your lease
**URL:** https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050
**Category:** Grady County, OK
**Created:** [February 17, 2020, 1:14am UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050 "2020-02-17T01:14:54Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@Bfwynn2012](https://www.mineralrightsforum.com/u/Bfwynn2012)
#### Post date: [February 17, 2020, 1:14am UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/1 "2020-02-17T01:14:54Z")
My family has mineral in 10-05N 05W. Our leases were with Anadarko which sold to Camino. Do they have to pay for extending lease?
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### Author:  [@Dusty1](https://www.mineralrightsforum.com/u/Dusty1)
#### Post date: [February 17, 2020, 2:43am UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/2 "2020-02-17T02:43:31Z")
Depends on the terms that were negotiated in the lease.
If it included an option to extend and the operator/lessee elects to exercise it (that’s their option, not yours) they typically are required to pay some additional bonus. That’s probably covered in one of the last paragraphs in the lease agreement.
As long as they are still within the primary term of the lease an assignment from one company to another wouldn’t require any payment, only if they then use the option to extend the original lease term.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [February 17, 2020, 2:45am UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/3 "2020-02-17T02:45:49Z")
Bonnie- I did a quick search of the records for Section 10 and it looks to me that your interest was leased in March 2017 by TEP. Although Anadarko did operate some wells in the N/2 of the Section, the entire section is part of a multi-section production unit that has been drilled by Camino. There are 2 wells that are probably producing or in the fracking stage. You should be seeing division orders on those 2 wells in the next 3 or 4 months.
That said, TEP is who your current lease is with and because of the new wells, there will be no need for any extensions. Your TEP lease did not have any extension language so I am not sure why you are thinking that anyone would pay to extend the lease.
Hope this helps.
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### Author:  [@Bfwynn2012](https://www.mineralrightsforum.com/u/Bfwynn2012)
#### Post date: [February 17, 2020, 7:16pm UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/4 "2020-02-17T19:16:01Z")
I am new to learning about minerals. I had no idea there was so much involved in it. I just thought oil companies had to do the right thing! Big joke! I thank each and everyone for their help.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [February 17, 2020, 11:14pm UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/5 "2020-02-17T23:14:39Z")
I personally don’t think any oil company has done anything wrong in this case.
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### Author:  [@Bfwynn2012](https://www.mineralrightsforum.com/u/Bfwynn2012)
#### Post date: [February 17, 2020, 11:28pm UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/6 "2020-02-17T23:28:50Z")
You have misunderstood me. I am not saying they did. It was just a general statement. Sorry if I stepped on anyone’s toes. I am just trying to learn.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 18, 2020, 2:36am UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/7 "2020-02-18T02:36:17Z")
There are some good resources for new mineral owners. All of us started at zero. The Mineral Help Tab above is a good primer. The Oklahoma Corporation Commission has a booklet for mineral owners. [OG Publications](http://www.occeweb.com/OG/publications.htm). There are some good books out there if you want a few references.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 17, 2020, 1:15am UTC](https://www.mineralrightsforum.com/t/do-you-get-paid-bonus-when-company-extends-your-lease/56050/8 "2020-05-17T01:15:04Z")
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