# Leasing offer, newbe, need help
**URL:** https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693
**Category:** McClain County, OK
**Created:** [March 6, 2019, 6:16pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693 "2019-03-06T18:16:58Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@jrholland](https://www.mineralrightsforum.com/u/jrholland)
#### Post date: [March 6, 2019, 6:16pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/1 "2019-03-06T18:16:58Z")
My wife has 30 acres of 360 acres inherited rights in Section 20, Township 5N, Range 2E. We have received an offer to lease at 100 acres at 3/16. Is this reasonable for the area? Offer was from UDX, a very small company. Anyone know of any other companies that might be interested in this area? Thanks.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [March 6, 2019, 6:49pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/2 "2019-03-06T18:49:05Z")
Sec 15 pooled for $150 3/16, so you might be able to get a bit more, but maybe not. No huge horizontal drilling here. Ranken Energy is also in the area. Not sure if UDX is leasing for them.
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### Author:  [@jrholland](https://www.mineralrightsforum.com/u/jrholland)
#### Post date: [March 6, 2019, 8:03pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/3 "2019-03-06T20:03:21Z")
Thank you so much. We may contact Ranken and see what they say.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [March 6, 2019, 8:40pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/4 "2019-03-06T20:40:27Z")
If you are brand new to leasing, I suggest you read the Mineral Help Tab above. The general lease that they will offer you is not in the mineral owner favor. When you get closer to actual leasing, come back for help on the terms. You do not want ANY post production charges, need a depth clause, limit shut in time, need a commencement of drilling clause, do not want an extension clause or a top lease clause.
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### Author:  [@jrholland](https://www.mineralrightsforum.com/u/jrholland)
#### Post date: [March 6, 2019, 10:43pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/5 "2019-03-06T22:43:34Z")
We have been reading the posting and will definitely investigate the various clauses. Thanks again.
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### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [March 6, 2019, 11:15pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/6 "2019-03-06T23:15:34Z")
## Beware of Delivering Lease Without Payment:
Failure of a company to pay a lease bonus is a theme that has been raised in this forum far too often. Below are a few discussions on the topic. It is always best to exchange a lease for a check at the time of the transaction. This may not always be possible because of distance. In such cases it is probably better to have an escrow company or attorney to hold the lease until the consideration is paid.
Sometimes companies file leases without payment of bonuses.
There have been cases where companies take leases but never file them. They return the leases later stating that they were never funded by the company. In the meantime, the mineral owner cannot sign with another company.
It is much easier to prevent the issue than to remedy it after the fact.
# Below is a sample of Nightmares:
> [@Canadian County - Bonus not paid ! Lawyer?](https://www.mineralrightsforum.com/t/canadian-county-bonus-not-paid-lawyer/5061):
>
> Signed a lease in March 2016 for minerals in Township 10 North Range 5 West. Normally I receive a bonus check within 30 days of signing; however, we are now a good 70 days without the bonus. I did check with the County website and the lease has been filed, and called the landman and he said the checks are going out slowly. The lessee is not an oil company, but appears to be a private LLC. Anyone else had an experience like this? Is it time to contact a lawyer?
> [@Oil Lease Bonus Payment Not Paid](https://www.mineralrightsforum.com/t/oil-lease-bonus-payment-not-paid/3382):
>
> I am a member of a family who has had oil/gas interest in Canadian County for many years. I have never been involved as an active member concerning the leasing process and know little about it. I am now in a situation where I need to acquire some basic knowledge before involving an O&G attorney. Our family signed a 3-year Lease Agreement for a certain amount per acre for a known amount of acreage. Through some research the agreement seemed to be a fairly accepted and a standard agreement if the…
> [@Bonus not paid on a top lease](https://www.mineralrightsforum.com/t/bonus-not-paid-on-a-top-lease/21551):
>
> I recently signed a top lease on some minerals in Colorado. The Land Company now refuses to pay the upfront bonus money. Do I have any recourse if they have not filed the lease?
> [@Help! I was never paid my bonus!](https://www.mineralrightsforum.com/t/help-i-was-never-paid-my-bonus/8615):
>
> Some years ago, there were many complaints that landowners had not been paid their bonus and the lease was filed of record. To help with that situation, I am developing a clause for my Professional Lease Form that reads as follows: PAYMENTS TO LESSOR. Lessee covenants to pay Lessor as follows: (A) SIGNING BONUS: Lessee agrees to pay Lessor a signing bonus in the amount of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Dollars ($\_\_\_\_\_\_\_\_\_) by company check or in United States Currency. The bonus payment shall be paid to…
> [@Bonus Payment not paid](https://www.mineralrightsforum.com/t/bonus-payment-not-paid/21550):
>
> I recently read a thread about a bonus payment not paid and the lease was signed. Advice was to find out if it recorded and try to null the lease before the fact. This is what I was trying to avoid with Exterra. I want an escrow. I will pay for the escrow costs, just so I have the money before I release the papers. Now this poor guy has to figure out what to do and the advice ranged from hiring an attorney to recording a null on the lease or don’t release papers until the money was paid. I had t…
> [@Signing Bonus Never Paid, Well Drilling in Progress](https://www.mineralrightsforum.com/t/signing-bonus-never-paid-well-drilling-in-progress/24049):
>
> Kodiak O&G retained Lone Tree to obtain a lease from me on mineral acres I own in Dunn county N.D. They sent me leases twice in 2007. I executed, notorized and returned both leases. As both leases looked identical to me I assumed the draft time limit had run out or some such. I followed directions both times and submitted both drafts to my bank for payment. Neither of the drafts were honored, but the lease was recorded both times. Dealing with Kodiak now, they tried to maintain that the leases w…
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [March 7, 2019, 1:01am UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/7 "2019-03-07T01:01:47Z")
Good post Richard—hope the mineral owners pay attention.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:04pm UTC](https://www.mineralrightsforum.com/t/leasing-offer-newbe-need-help/42693/8 "2025-01-11T18:04:02Z")