# Just received an oil lease offer
**URL:** https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966
**Category:** Niobrara County, WY
**Created:** [January 30, 2019, 6:22pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966 "2019-01-30T18:22:58Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@Ted56](https://www.mineralrightsforum.com/u/Ted56)
#### Post date: [January 30, 2019, 6:22pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/1 "2019-01-30T18:22:58Z")
I am not sure if this is a decent offer or not. This is a 320 acre parcel that I own 1/4 interest in (undefined).
My concerns are:
Injury liability on my property. Water rights (I don’t want to give it away). $4,000 seems low. I got $25K from Chesapeake a few years ago but oil prices were higher. 15% (3.75% is my share?) seems high especially if I am being charged production costs.
Here are some screenshots. What do I go from here?
I wanted to post more screenshots but since I am new I can’t.
[](https://postimg.cc/crF586Xw)
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### Author:  [@Ted56](https://www.mineralrightsforum.com/u/Ted56)
#### Post date: [January 30, 2019, 6:24pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/2 "2019-01-30T18:24:12Z")
[](https://postimg.cc/ZW0sPZMg)
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### Author:  [@Ted56](https://www.mineralrightsforum.com/u/Ted56)
#### Post date: [January 30, 2019, 6:25pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/3 "2019-01-30T18:25:20Z")
[](https://postimages.org/)
I found a way to post these. Thanks
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### Author:  [@kak512](https://www.mineralrightsforum.com/u/kak512)
#### Post date: [January 30, 2019, 8:32pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/4 "2019-01-30T20:32:37Z")
What Township, Range, and Section are your minerals located in?
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### Author:  [@Ted56](https://www.mineralrightsforum.com/u/Ted56)
#### Post date: [January 30, 2019, 9:29pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/5 "2019-01-30T21:29:48Z")
T-38 N R-66 W Section - 3:S2
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### Author:  [@Gloria\_M\_Shiveley](https://www.mineralrightsforum.com/u/Gloria_M_Shiveley)
#### Post date: [January 30, 2019, 9:57pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/6 "2019-01-30T21:57:53Z")
Hi Ted, I am 2 Townships below you T36R36. We had a very low offer a few months ago and declined. We also did business with Chesapeake until 2016 for $$$$. Nothing is happening in Niobrara County now, so we are unleased at the moment. This is a low offer and will tie you up for 5 years. I have been in the forum for years and have never seen anybody from Niobrara County! Best of luck!
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### Author:  [@RobertF](https://www.mineralrightsforum.com/u/RobertF)
#### Post date: [January 30, 2019, 10:16pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/7 "2019-01-30T22:16:56Z")
The highest government lease I could find nearby in the last 6 months or so was this one:
[https://www.energynet.com/property\_information.pl?lot=50798](https://www.energynet.com/property_information.pl?lot=50798)
It has a bonus of $66 an acre and a 12.5% lease rate. I believe their standard lease is for 5 years.
For your offer, I wouldn’t think a 15% lease would be worth your time at this point and I certainly wouldn’t recommend an extension. However, I don’t think there are better offers in your area right now. However, that could all change at any time. Hope that helps.
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### Author:  [@Ted56](https://www.mineralrightsforum.com/u/Ted56)
#### Post date: [January 31, 2019, 12:43am UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/8 "2019-01-31T00:43:57Z")
Thank you. Since nothing is happening in this area, I’m tempted to go for the cash. I’d like liability protection and I don’t want to give away the water. You are correct though, 5 years is a long time and I need to understand if there are triggered extensions I’m not seeing.
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### Author:  [@Ted56](https://www.mineralrightsforum.com/u/Ted56)
#### Post date: [January 31, 2019, 6:51pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/9 "2019-01-31T18:51:51Z")
Yes, this is my dilemma. I could use the $4,000. I did find an added addendum I used to protect myself last time around. I am considering adding to it a lessened timeframe: 3 years with a 2-year option.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 4:25pm UTC](https://www.mineralrightsforum.com/t/just-received-an-oil-lease-offer/40966/10 "2025-01-11T16:25:08Z")