# Fair lease offer for NW/4 Sec. 17-3S-4W
**URL:** https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302
**Category:** Stephens County, OK
**Created:** [July 11, 2019, 2:46pm UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302 "2019-07-11T14:46:58Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@Roger\_Pugh](https://www.mineralrightsforum.com/u/Roger_Pugh)
#### Post date: [July 11, 2019, 2:46pm UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302/1 "2019-07-11T14:46:58Z")
Got an offer from R.D. Williams & Co to lease in 17-3S-4W for HMD Oil Co. to drill a 4,000’ well. A while back they offered 3 options: (1) to participate, (2) to lease for $150 for 1/8 RI for 3 years, and (3) $100 to lease for 3 years at 3/16. From what I can see nearby, this is a low lease offer. Any thoughts or suggestions?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 12, 2019, 7:13pm UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302/2 "2019-07-12T19:13:35Z")
A 4000’ well is pretty shallow hence less money offered than for a section that may have multiple reservoirs that are deeper. You need to ask what reservoir will they be drilling, when are they going to drill, etc. Also, if prices for oil and gas are lower now than when you got the last offer, that could have something to do with it. Make sure you get a depth clause for your lease, no post production charges, etc.
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### Author:  [@W\_K\_HUNTER](https://www.mineralrightsforum.com/u/W_K_HUNTER)
#### Post date: [July 18, 2019, 4:17pm UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302/3 "2019-07-18T16:17:50Z")
Current offers in that Township are higher. I have interest 1 mile north of you in 10 Township 03S Range 04W with a current offer of 500 bonus & 1/4 Royalty 3 year lease.
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### Author:  [@oilwell13](https://www.mineralrightsforum.com/u/oilwell13)
#### Post date: [March 9, 2020, 9:51pm UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302/4 "2020-03-09T21:51:19Z")
I am open to lease on the N/2 of 17 last lease expired in 2013. Who are the people wanting to lease?
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### Author:  [@Michael\_Hutchison](https://www.mineralrightsforum.com/u/Michael_Hutchison)
#### Post date: [March 10, 2020, 12:01am UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302/5 "2020-03-10T00:01:10Z")
Usually if a property is in demand for drilling they will find you. I don’t think soliciting lessors would put you in a very good bargaining position.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:58pm UTC](https://www.mineralrightsforum.com/t/fair-lease-offer-for-nw-4-sec-17-3s-4w/48302/6 "2025-01-11T17:58:00Z")