# Leasing Question in Canadian County, OK

**URL:** https://www.mineralrightsforum.com/t/leasing-question-in-canadian-county-ok/1734
**Category:** Oil and Gas Leasing Help
**Created:** [October 20, 2017, 2:27am UTC](https://www.mineralrightsforum.com/t/leasing-question-in-canadian-county-ok/1734 "2017-10-20T02:27:49Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![Dana\_McConnell](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/eb9ed0/32.png) [@Dana\_McConnell](https://www.mineralrightsforum.com/u/Dana_McConnell)
#### Post date: [October 20, 2017, 2:27am UTC](https://www.mineralrightsforum.com/t/leasing-question-in-canadian-county-ok/1734/1 "2017-10-20T02:27:49Z")

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New to this industry since my father passed away leaving land with mineral rights. Please steer me in the best direction.

I have mineral rights to 40 acres and was recently contacted to lease. Property is in Canadian County, Oklahoma, Section 9. The landman is with a newly formed company called Double J Resources (red flag already?) and he sent me a blank template to review before the terms are added.

His initial offer was $2,500/acre with 1/5 royalty for 3 years and 2 optional years. He offered to go slightly higher if I could contact family members to go in with me.

Is there a standard lease template I can review to ensure his lease has consistent language? Also, do the lease terms sound reasonable?

I’ve already read through this forum where I should delete the clause warranting the title. Any other hints?

Thanks for your help.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:27pm UTC](https://www.mineralrightsforum.com/t/leasing-question-in-canadian-county-ok/1734/2 "2025-01-11T19:27:35Z")

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