# Lease Negotiations
**URL:** https://www.mineralrightsforum.com/t/lease-negotiations/23959
**Category:** Oil and Gas Leasing Help
**Created:** [January 31, 2011, 9:02pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959 "2011-01-31T21:02:39Z")
**Posts on this page:** 18
**Page:** 1
### Author:  [@Lee\_Young](https://www.mineralrightsforum.com/u/Lee_Young)
#### Post date: [January 31, 2011, 9:02pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/1 "2011-01-31T21:02:39Z")
I am in a lease process. I own oil and mineral rights in Colorado. I have had at least three offers from oil companies, via their Landmen. I keep getting an "let me know when you get your offer, so I can see if I can beat it."
My question is how long do I play this game? I have been asked to "Just tell me what terms you want, and I will take it to my company, which I am representing, for approval."
How do I know what the going rates are out there in the area? How can I determine if the oil company is really going to drill there - other than my having done a lot of research on the web and looked for approved applications on the state's county oil and gas site ? which I have done, extensively.
Thank you for any help ... Pam
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### Author:  [@Philip\_Mollner](https://www.mineralrightsforum.com/u/Philip_Mollner)
#### Post date: [January 31, 2011, 9:13pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/2 "2011-01-31T21:13:04Z")
Can you give the location of the mineral rights and then people on this forum will probably be able to give you a good idea of what they got for offers.
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### Author:  [@Charles\_Hill](https://www.mineralrightsforum.com/u/Charles_Hill)
#### Post date: [January 31, 2011, 9:44pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/3 "2011-01-31T21:44:12Z")
We also have mineral right in Colorado:
My family estate, 4650 patented acres, located
in Huerfano County, 18 miles west of Walsenburg.
The acres include, The North Raton Basin, Oakdale field
niobrara is defined below. I am stuggling to find an legimate
lease company at this time. the Past years leases were around
the $25.oo acre figure. I am told by people in the business
it is now worth much more. I just can find who is interested.
Our acres are 7miles south of the CO'2 wells on Sheep Mountain
and 5 miles north of Harry Willis Well #1, currently producing
CO'2.
Chuck Hill, [chillnout@att.net](mailto:chillnout@att.net)
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### Author:  [@Lee\_Young](https://www.mineralrightsforum.com/u/Lee_Young)
#### Post date: [January 31, 2011, 9:50pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/4 "2011-01-31T21:50:25Z")
Moffat County ... I do know there is a lot of action there, but really only found one company Samson who actually had approved contracts to drill. I should say, my main concern is not the signing bonus but if someone is actually going to do something. ha,ha.
Pam
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### Author:  [@Lee\_Young](https://www.mineralrightsforum.com/u/Lee_Young)
#### Post date: [January 31, 2011, 9:52pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/5 "2011-01-31T21:52:50Z")
This amount sounds very low, but I haven’t looked up your location. What is the county?
Charles Hill said:
> We also have mineral right in Colorado:
>
> My family estate, 4650 patented acres, located
>
> in Huerfano County, 18 miles west of Walsenburg.
>
> The acres include, The North Raton Basin, Oakdale field
>
> niobrara is defined below. I am stuggling to find an legimate
>
> lease company at this time. the Past years leases were around
>
> the $25.oo acre figure. I am told by people in the business
>
> it is now worth much more. I just can find who is interested.
>
> Our acres are 7miles south of the CO'2 wells on Sheep Mountain
> and 5 miles north of Harry Willis Well #1, currently producing
>
> CO'2.
>
> Chuck Hill, [chillnout@att.net](mailto:chillnout@att.net)
---
### Author:  [@Charles\_Hill](https://www.mineralrightsforum.com/u/Charles_Hill)
#### Post date: [January 31, 2011, 10:32pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/6 "2011-01-31T22:32:46Z")
Hello Phillp:
I guess the information I just sent to Pamela Swartz doesn't meet your needs for description.
Check it out.
4650 patented mineral acres.
Located in Huerfano County Colorado. 18 miles west of Walsenburg.
Reference the Raton Basin, Oakdale geology field report, by John Worrall.
Our mineral acres are on the North end of the Raton basin.
range 28W section 27 south, Origional ranch includes Dike(Silver) mountain east slope.
Harry Willis Well #1 CO'2 currently producing, is 5 miles south of us.
Sheep Mountain CO'2 currently producing, wells are 7 miles north of us.
Philip Mollner said:
> Can you give the location of the mineral rights and then people on this forum will probably be able to give you a good idea of what they got for offers.
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### Author:  [@Philip\_Mollner](https://www.mineralrightsforum.com/u/Philip_Mollner)
#### Post date: [January 31, 2011, 11:23pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/7 "2011-01-31T23:23:45Z")
I don't know which company is operating around there but some parts of the niobrara people are getting 1000+/acre. Chesapeake just entered into a JV with CNOOC to develope their acreage in the niobrara. I would check out the other form for moffat county at
[http://www.mineralrightsforum.com/forum/topics/lease-rates-in-moffat-county?xg\_source=activity&id=4401368%3ATopic%3A8545&page=1#comments](http://www.mineralrightsforum.com/forum/topics/lease-rates-in-moffat-county?xg_source=activity&id=4401368%3ATopic%3A8545&page=1#comments)
I do not know the niobrara that well but i would imagine you could get a few hundred an acre. As far as not too many companies having done much...its still really early in the developement so in a year or so, things will start to pick up
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### Author:  [@Lee\_Young](https://www.mineralrightsforum.com/u/Lee_Young)
#### Post date: [February 1, 2011, 12:05am UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/8 "2011-02-01T00:05:39Z")
Thank you Mr. Mollner for your quick response. I thought something was going on as every offer we receive, the next offer is higher. I will check out the link you gave me.
Philip Mollner said:
> I don't know which company is operating around there but some parts of the niobrara people are getting 1000+/acre. Chesapeake just entered into a JV with CNOOC to develope their acreage in the niobrara. I would check out the other form for moffat county at
>
> [http://www.mineralrightsforum.com/forum/topics/lease-rates-in-moffa...](http://www.mineralrightsforum.com/forum/topics/lease-rates-in-moffat-county?xg_source=activity&id=4401368%3ATopic%3A8545&page=1#comments)
>
> I do not know the niobrara that well but i would imagine you could get a few hundred an acre. As far as not too many companies having done much...its still really early in the developement so in a year or so, things will start to pick up
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### Author:  [@Mineral\_Joe](https://www.mineralrightsforum.com/u/Mineral_Joe)
#### Post date: [February 1, 2011, 6:45pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/9 "2011-02-01T18:45:04Z")
Pamela, what township and range are yours in?
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### Author:  [@Lee\_Young](https://www.mineralrightsforum.com/u/Lee_Young)
#### Post date: [February 1, 2011, 11:15pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/10 "2011-02-01T23:15:40Z")
Thank you for your interest and response - Township 6N, Range 91W.
Mineral Joe said:
> Pamela, what township and range are yours in?
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### Author:  [@Mineral\_Joe](https://www.mineralrightsforum.com/u/Mineral_Joe)
#### Post date: [February 1, 2011, 11:36pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/11 "2011-02-01T23:36:03Z")
I could just about have guessed 6N-91W. They just raised their offer in tracts they want most. They recently narrowed the area they are wanting. I have some in 8N-91W and they were not interested in that far North and most are staying in Routt only. I’d like to know what Diamond Resources is giving, they are leasing for Continental Resources and maybe the best terms offered yet.
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### Author:  [@Skip\_Bouvette](https://www.mineralrightsforum.com/u/Skip_Bouvette)
#### Post date: [February 14, 2011, 6:36pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/12 "2011-02-14T18:36:52Z")
I have 320 acres in the Niobrara area in County right on the Wyoming border one section east of Highway 85, Section 22.
My question is does anyone have a value that can be placed on this? We currently have a lease with Noble Energy and just this month 3 permits 3 miles away for Noble are showing on the [cogcc.com](http://cogcc.com) website. Anadarko also has permits showing with one being 1 mile away. Any input would be appreciated.
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### Author:  [@Mineral\_Joe](https://www.mineralrightsforum.com/u/Mineral_Joe)
#### Post date: [February 14, 2011, 7:22pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/13 "2011-02-14T19:22:42Z")
What kind of value are you looking for, selling or counting how many eggs you have in your basket type?
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### Author:  [@Skip\_Bouvette](https://www.mineralrightsforum.com/u/Skip_Bouvette)
#### Post date: [February 14, 2011, 8:33pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/14 "2011-02-14T20:33:11Z")
Thanks Joe. Just wondering how many eggs are in the basket at this time so I can be aware of what potential it may have in a few months if we decide to sell.
Mineral Joe said:
What kind of value are you looking for, selling or counting how many eggs you have in your basket type?
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### Author:  [@Kris\_Losee](https://www.mineralrightsforum.com/u/Kris_Losee)
#### Post date: [April 18, 2018, 5:29pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/15 "2018-04-18T17:29:51Z")
Pam -
I have acreage in Huerfano County, Colorado up for lease renewal soon. There has been no production. My present company is in bankruptcy. What is going on with your acreage now?
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### Author:  [@Kris\_Losee](https://www.mineralrightsforum.com/u/Kris_Losee)
#### Post date: [April 18, 2018, 5:32pm UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/16 "2018-04-18T17:32:07Z")
Mr. Hill -
I have acreage in Huerfano County, Walsenburg area also. My present leasing company is in bankruptcy, my lease is up next month. I was wondering if you know what is going on in the area now?
Thanks - Kris Losee
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### Author:  [@Tulie](https://www.mineralrightsforum.com/u/Tulie)
#### Post date: [April 19, 2018, 12:14am UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/17 "2018-04-19T00:14:00Z")
Max RI is generally 25%. You can ask for a lease free of deductions/post production costs. Ask for a minimum annual royalty (in case the well doesn’t produce well). If you have enough acreage, I’ve even orri on future wells negotiated. Definitely speaking to an attorney is a good idea.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 4:33am UTC](https://www.mineralrightsforum.com/t/lease-negotiations/23959/18 "2018-08-15T04:33:32Z")