# Lease Prices in 1S-5W or close by

**URL:** https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581
**Category:** Stephens County, OK
**Created:** [August 10, 2019, 6:03pm UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581 "2019-08-10T18:03:17Z")
**Posts on this page:** 7
**Page:** 1

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### Author: ![Rex\_Baker](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/74df32/32.png) [@Rex\_Baker](https://www.mineralrightsforum.com/u/Rex_Baker)
#### Post date: [August 10, 2019, 6:03pm UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/1 "2019-08-10T18:03:17Z")

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I got a call from a landman yesterday offering $2,250 per acre for a 3-year 3/16th lease in this Township and Range—I believe they represent Continental Resources.

I just wanted to hear from anyone who has leased in this general vicinity in the last 6 months as to what price they’ve been paid for lease bonus.

Thanks.

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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 12, 2019, 12:56am UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/2 "2019-08-12T00:56:03Z")

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I can’t comment on the lease prices, but I always ask for what the 1/5th and 1/4 offers will be. I chose the highest royalty, because in the long run, the bonus is only paid once and the royalties will be for every well. Usually works out better.

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### Author: ![John\_Boggs](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/john_boggs/32/13427_2.png) [@John\_Boggs](https://www.mineralrightsforum.com/u/John_Boggs)
#### Post date: [October 29, 2019, 7:29pm UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/3 "2019-10-29T19:29:47Z")

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Ah… wise advice. I’ll remember that next go around.

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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: [October 29, 2019, 7:44pm UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/4 "2019-10-29T19:44:18Z")

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My “usually” is predicated by activity and knowledge. In a wildcat area where there is no drilling, I might lean toward 1/5th or 3/16ths. In an area with proven pays, substantial drilling, lots of knowledge or the reservoir, I always try for 1/4 or at least 1/5th. Never 1/8th!

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### Author: ![Joyce\_Turner1](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/joyce_turner1/32/9120_2.png) [@Joyce\_Turner1](https://www.mineralrightsforum.com/u/Joyce_Turner1)
#### Post date: [November 4, 2019, 2:47am UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/6 "2019-11-04T02:47:09Z")

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M. Barnes. What do you mean by resubmit Sp?

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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: [November 4, 2019, 2:26pm UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/7 "2019-11-04T14:26:19Z")

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I don’t understand your question Joyce. “resubmit Sp”

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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, 5:58pm UTC](https://www.mineralrightsforum.com/t/lease-prices-in-1s-5w-or-close-by/49581/8 "2025-01-11T17:58:01Z")

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