# Is this a reasonable offer

**URL:** https://www.mineralrightsforum.com/t/is-this-a-reasonable-offer/51979
**Category:** Mountrail County, ND
**Created:** [October 9, 2019, 2:28pm UTC](https://www.mineralrightsforum.com/t/is-this-a-reasonable-offer/51979 "2019-10-09T14:28:59Z")
**Posts on this page:** 4
**Page:** 1

<div class="post-metadata">

### Author: ![Suzz](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/74df32/32.png) [@Suzz](https://www.mineralrightsforum.com/u/Suzz)
#### Post date: [October 9, 2019, 2:28pm UTC](https://www.mineralrightsforum.com/t/is-this-a-reasonable-offer/51979/1 "2019-10-09T14:28:59Z")

</div>

In Township 154 North Range 94 West 5th PM Section 5 Lots 1, 2, 3, 4 XTO Holdings offers $2,500 per net mineral acre 3 year lease 20% Royalty Containing 159.84 acres more or less Does this sound like a reasonable offer? I believe at least one well is in production. Thanks.

---

<div class="post-metadata">

### Author: ![DRontal](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/cc9497/32.png) [@DRontal](https://www.mineralrightsforum.com/u/DRontal)
#### Post date: [October 14, 2019, 6:28pm UTC](https://www.mineralrightsforum.com/t/is-this-a-reasonable-offer/51979/2 "2019-10-14T18:28:12Z")

</div>

Hi there. Hess has five permits on your acreage but honestly this seems like a pretty good offer. You might be able to do a touch better with the lease bonus, but a 20% royalty is usually the top for North Dakota absent some extenuating circumstances.

---

<div class="post-metadata">

### 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: [October 14, 2019, 7:38pm UTC](https://www.mineralrightsforum.com/t/is-this-a-reasonable-offer/51979/3 "2019-10-14T19:38:49Z")

</div>

You may need to look at your old lease. If you already have production in one well, you may be held by production and not able to lease again. Are they trying to lease a different zone? Did you have a depth clause in your first lease?

Are you getting paid on the En-MOE-154-94 0508H-1?

---

<div class="post-metadata">

### Author: ![Kenny\_DuBose](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/kenny_dubose/32/5102_2.png) [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [January 31, 2020, 2:11pm UTC](https://www.mineralrightsforum.com/t/is-this-a-reasonable-offer/51979/6 "2020-01-31T14:11:37Z")

</div>


