# Garvin Co. OK Lease/Bonus

**URL:** https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712
**Category:** Garvin County, OK
**Created:** [August 13, 2019, 9:15pm UTC](https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712 "2019-08-13T21:15:18Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![mcnett](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/ee7513/32.png) [@mcnett](https://www.mineralrightsforum.com/u/mcnett)
#### Post date: [August 13, 2019, 9:15pm UTC](https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712/1 "2019-08-13T21:15:19Z")

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Received lease offer from RedSky 1/5 RI, $1,300 bonus 5 yr in Sec 20-1N-1E. I think 1/5 RI reasonable but was not sure about bonus. Can anyone confirm average bonus for that area? I think Continental will be the operator & it is for the Woodford formation. Thanks.

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### Author: ![Michael\_Hutchison](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/michael_hutchison/32/13808_2.png) [@Michael\_Hutchison](https://www.mineralrightsforum.com/u/Michael_Hutchison)
#### Post date: [August 13, 2019, 10:21pm UTC](https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712/2 "2019-08-13T22:21:35Z")

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5 years is too long. I wouldn’t go over 3. A lot can happen in 5 years.

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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: [August 13, 2019, 10:22pm UTC](https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712/3 "2019-08-13T22:22:22Z")

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Personally, I would not do a 5 year lease. Too much can happen in that time frame. Most I would do is a three year and that seems long sometimes. The clauses of the lease are more important than the bonus. I don’t sign Continental leases without really trying to get better terms.

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### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [August 13, 2019, 11:02pm UTC](https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712/4 "2019-08-13T23:02:50Z")

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Lots can go wrong in negotiation, execution, and getting paid on a lease. Owners must be extra vigilant.

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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, 6:13pm UTC](https://www.mineralrightsforum.com/t/garvin-co-ok-lease-bonus/49712/5 "2025-01-11T18:13:12Z")

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