# Lease terms - Section 3-3N-14E

**URL:** https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399
**Category:** Pittsburg County, OK
**Created:** [September 14, 2016, 4:27pm UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399 "2016-09-14T16:27:16Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![Joseph\_E\_Simcox](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/joseph_e_simcox/32/4983_2.png) [@Joseph\_E\_Simcox](https://www.mineralrightsforum.com/u/Joseph_E_Simcox)
#### Post date: [September 14, 2016, 4:27pm UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399/1 "2016-09-14T16:27:16Z")

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My siblings and I have been offered $125 per acre for five years with 1/8 royalty. This is much lower than 2010-2013 but I understand that things have changed. Our rights have not been leased in probably three or more years and I’m wondering if this is the going rate or not. Any thoughts are appreciated.

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### Author: ![Claudia\_Kemmerer](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/claudia_kemmerer/32/4445_2.png) [@Claudia\_Kemmerer](https://www.mineralrightsforum.com/u/Claudia_Kemmerer)
#### Post date: [September 15, 2016, 5:36pm UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399/2 "2016-09-15T17:36:37Z")

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Just my opinion, but I wouldn’t do a 5-year lease. Nor would I do 1/8th.

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### Author: ![Joseph\_E\_Simcox](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/joseph_e_simcox/32/4983_2.png) [@Joseph\_E\_Simcox](https://www.mineralrightsforum.com/u/Joseph_E_Simcox)
#### Post date: [September 15, 2016, 7:26pm UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399/3 "2016-09-15T19:26:25Z")

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Thank you Claudia - I have the same opinion.

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### Author: ![Linda\_doolittle](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/e9a140/32.png) [@Linda\_doolittle](https://www.mineralrightsforum.com/u/Linda_doolittle)
#### Post date: [February 10, 2017, 3:54am UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399/4 "2017-02-10T03:54:13Z")

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$125 is much too low. I have a 3 year lease at $350 an acre

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### Author: ![Katy\_M\_Alven](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/k/6bbea6/32.png) [@Katy\_M\_Alven](https://www.mineralrightsforum.com/u/Katy_M_Alven)
#### Post date: [February 17, 2017, 6:09pm UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399/5 "2017-02-17T18:09:13Z")

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I would not lease for an 1/8th or 5 years. In Oklahoma, 3/16ths and 3 year leases are standard. I’m not sure about price per acre, but $125 does sound low.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:02pm UTC](https://www.mineralrightsforum.com/t/lease-terms-section-3-3n-14e/4399/6 "2018-08-14T23:02:19Z")

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