# Lease Offer $1000/nma
**URL:** https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991
**Category:** Grady County, OK
**Created:** [June 17, 2025, 3:51pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991 "2025-06-17T15:51:16Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@acestacy](https://www.mineralrightsforum.com/u/acestacy)
#### Post date: [June 17, 2025, 3:51pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/1 "2025-06-17T15:51:16Z")
I recently received a lease offer for Section 30, Township 10 North, Range 8 West. I was offered $1,000 per Net Mineral Acre, of which I have 4 total. I was curious whether that was a reasonable offer for a 3-year lease with a 2-year extension offered for an additional $1,000 per acre if the extension was picked up. Any thoughts from the members would be appreciated. Thank you.
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [June 17, 2025, 4:06pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/2 "2025-06-17T16:06:59Z")
Definitely do not allow the 2-year option to renew.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [June 18, 2025, 2:03am UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/3 "2025-06-18T02:03:29Z")
Your offer is tied to a royalty percentage, so that needs to be included or it doesn’t have all the information. Usually first offers are open to higher negotiation. Many of us would want a 1/5th or 1/4 lease which would have a lower bonus. The clauses in the lease are much more important than the bonus amount. If you have never leased before, it would be wise to get a good oil and gas attorney to review the lease as the drafts need significant edits.
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### Author:  [@acestacy](https://www.mineralrightsforum.com/u/acestacy)
#### Post date: [June 18, 2025, 4:08pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/4 "2025-06-18T16:08:16Z")
Yes, I should have mentioned that there is a 3/16ths attached to the lease.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [June 24, 2025, 1:20pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/5 "2025-06-24T13:20:24Z")
The 1/5th and 1/4 royalty will have a lower bonus, but the payout on a successful well over the years will usually far surpass the bonus amount.
No leases have been filed in that section in the last 24 months, so the timing is early in the game and you may get other offers. I always ask about the other options.
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### Author:  [@acestacy](https://www.mineralrightsforum.com/u/acestacy)
#### Post date: [June 24, 2025, 1:50pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/6 "2025-06-24T13:50:58Z")
Thank you for your reasoned explanation.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [September 15, 2025, 3:52pm UTC](https://www.mineralrightsforum.com/t/lease-offer-1000-nma/81991/7 "2025-09-15T15:52:13Z")
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