# Lease Renewal Questions, Uintah County, Utah
**URL:** https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054
**Category:** Uintah County, UT
**Created:** [September 8, 2017, 5:02pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054 "2017-09-08T17:02:44Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@Becky\_Holeman](https://www.mineralrightsforum.com/u/Becky_Holeman)
#### Post date: [September 8, 2017, 5:02pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/1 "2017-09-08T17:02:44Z")
I have mineral rights in Uintah County, Utah, 69.69 gross acres, 13.98 net acres, Township 2 South, Range 2 East.
The lease is now up for renewal. It is a 5-year paid-up lease plus a two-year option with a 1/6th royalty. The oil company is using a different land services company than before. The amount I’m being offered per acre is more than the previous lease at $400.00 per acre. However, I have no clue whether the offer is reasonable for the area and so I don’t know if I should negotiate for more or for how much. If so, what are the resources for finding this out? Also, this lease is more complex than the previous one. Is it the landman’s responsibility to interpret this for me or is it best to find a lawyer (I live in the metro Denver area) who specializes in this area to look at the lease for me? Any ideas are appreciated.
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### Author:  [@Jay\_L\_Stone](https://www.mineralrightsforum.com/u/Jay_L_Stone)
#### Post date: [September 9, 2017, 12:58am UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/2 "2017-09-09T00:58:22Z")
In my estimation, that is a “low-ball offer” and should not be taken seriously. Many of the exploration and production oil companies operating in the Uintah Basin have offices in Denver; so you have knowledgeable help near you.
Check the Utah State government oil and gas website and determine what kind of wells are in your section or sections.
Think seriously about a three-year lease, or a three-year lease with a 2-year extension; and, I would try for a 1/5th royalty and accept nothing less than 3/16th royalty.
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### Author:  [@Becky\_Holeman](https://www.mineralrightsforum.com/u/Becky_Holeman)
#### Post date: [September 22, 2017, 11:19pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/3 "2017-09-22T23:19:38Z")
Thank you. It is advisable to find an attorney that handles oil and gas leases to assist me with this, especially since I have no experience with these matters?
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### Author:  [@Becky\_Holeman](https://www.mineralrightsforum.com/u/Becky_Holeman)
#### Post date: [September 22, 2017, 11:47pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/4 "2017-09-22T23:47:02Z")
Also, is $400 per acre average for the area or too low? Why is a 3-year lease with a 2-year extension better? Thank you.
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### Author:  [@Jay\_L\_Stone](https://www.mineralrightsforum.com/u/Jay_L_Stone)
#### Post date: [October 18, 2017, 7:15pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/5 "2017-10-18T19:15:20Z")
Four hundred per net mineral acre is low, in my opinion. The advantage of a three-year lease with a two-year option is that you get a bonus payment at the beginning of the lease and at the beginning of the option period, IF they exercise the option. If they do not exercise the option, you are free to look for another exploration company.
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### Author:  [@Cindy\_Kissner](https://www.mineralrightsforum.com/u/Cindy_Kissner)
#### Post date: [January 8, 2018, 8:32pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/6 "2018-01-08T20:32:44Z")
Becky,
If you have not leased your acreage please feel free to PM me. I might be able to help you get more bonus and/or royalty rate than what you are being offered.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 4:42pm UTC](https://www.mineralrightsforum.com/t/lease-renewal-questions-uintah-county-utah/2054/7 "2025-01-11T16:42:48Z")