Lease Release, S27,T8N,R8W, Grady County, OK

The pooling will usually have several options of royalty rates and bonus which are supposed to match the offers by the operating company in the current section and any of the touching eight sections within the last year. I doubt that only 1/8th will be offered, but it could happen. His tactics are common. I usually pick the highest royalty at a pooling if I cannot get a good lease with a broker. If you only have a copy of the draft lease, I doubt that it is in the mineral owner’s favor. You can either invest in a good oil and gas attorney to review it or wait for pooling. I frequently choose pooling. MK&P has filed leases in section 27 this year at 25%. Tell your broker that you know there are 1/4 leases and what are they offering.