Any mineral owner on the forum leased 4-12N-22W Roger Mills recently and could share the range of bonus/RI?
The royalty range of leases filed in that section over the last 24 months has ranged from 3/16ths to 1/5th to 1/4th. Bonus amounts are not public and no close poolings to compare. Several agents are working the sections.
Thank you.
Could you tell if there are any benefits to leasing to a group that is going to participate compared to the operator?
Are the leases for a participant different and what should I look for for my protection?
Also, if leased with a participant, who pays the royalty? operator or lessor?
Are there any leases that allow the “no deduction clause” anymore?
Thank you for your time,
Vicki
Folks have varying opinions on the third party group question. I have found that sometimes I can get a better lease with the third party who will give the no post production charges option. Depends upon the location and what the competition is at the time. The wording of the draft lease may be the same, but they may be more amenable to reasonable changes to benefit the mineral owner. It is wise to get a good oil and gas attorney to review any draft lease as they frequently need edits.
The operator pays the royalty in most cases. Occasionally the transmission company may pay, but the operator is responsible.
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Thank you for your help.