# Live oak county top lease rates
**URL:** https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007
**Category:** Live Oak County, TX
**Created:** [October 28, 2024, 6:41pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007 "2024-10-28T18:41:23Z")
**Posts on this page:** 11
**Page:** 1
### Author:  [@LC-Texas](https://www.mineralrightsforum.com/u/LC-Texas)
#### Post date: [October 28, 2024, 6:41pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/1 "2024-10-28T18:41:23Z")
I have been approached with an offer for an Oil and Gas Top Lease on some mineral rights that we own in Live Oak County (in a portion of the Sanger Ranch - T. Welch Survey – I have more specifics regarding the exact location, but this is a ballpark). I have never been sent an offer for a top lease, so I am not knowledgeable as to whether this is a fair offer. The details of the offer are:
• $150 per net mineral acre bonus consideration (payable within 60 days of the date the existing “bottom” lease is released and filed of record) • 20.00% Oil and Gas Lease Royalty • Oil and Gas Top Lease Bonus - 10.00% of Bonus, as described above, payable on date of execution of Oil and Gas Top Lease • Oil and Gas Top Lease Term - 18 Months • Oil and Gas Lease Term - 3 Year Paid-Up Lease with 2 Year Option to Extend • $150.00 Per Net Mineral Acre Extension Bonus Consideration • All Depths
Thank you in advance for any advice that any of you can provide me.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [October 28, 2024, 10:32pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/2 "2024-10-28T22:32:17Z")
Personally, I am not a fan of top leasing and will not do it. Other’s may have different opinions.
[An Overview of Recurring and Related Issues Involving Top Leasing.pdf](https://www.mineralrightsforum.com/uploads/short-url/hJ7pxfXOBhRfel9q9MJeIOjCdZC.pdf) (210.2 KB)
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### Author:  [@Tuckerrs](https://www.mineralrightsforum.com/u/Tuckerrs)
#### Post date: [November 30, 2024, 9:21pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/3 "2024-11-30T21:21:19Z")
I got the same offer. Is this a scam?
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### Author:  [@Dusty1](https://www.mineralrightsforum.com/u/Dusty1)
#### Post date: [December 1, 2024, 5:56pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/4 "2024-12-01T17:56:57Z")
LC, the Railroad Commission map shows several adjoining surveys called T. Welch, so it might make a difference which abstract your mineral interest is located in. But from what RRC’s records show it seems doubtful any of those shallow Sanger Heirs wells that were drilled back in the 90’s there are still producing. Some may not have been plugged but it seems doubtful they can be maintaining a lease that is past the primary term.
Before considering a top lease you might want to confirm your current lease is still active. Are you receiving royalty payments? If not you might want to contact the operator and ask for a release.
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### Author:  [@fjonesiv](https://www.mineralrightsforum.com/u/fjonesiv)
#### Post date: [December 1, 2024, 6:05pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/5 "2024-12-01T18:05:06Z")
Top leasing is almost always a bad idea for lessors (mineral owners). It essentially provides an option for another party IF/when a currently valid lease expires (which is often disputed or in question). Obviously these contracts are dependent upon the specific language used, but these effectively operate as an option with timing that is unknown among the parties.
Better is to simply understand and confirm when your present lease expires (and best to have an actual release filed of record regarding that lease), then negotiate under free market conditions at that time.
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### Author:  [@Tuckerrs](https://www.mineralrightsforum.com/u/Tuckerrs)
#### Post date: [December 2, 2024, 3:36pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/6 "2024-12-02T15:36:10Z")
I got the same exact offer from Buscadero Land Management on behalf of Hydrocarbon Operating.
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### Author:  [@Tuckerrs](https://www.mineralrightsforum.com/u/Tuckerrs)
#### Post date: [December 2, 2024, 4:07pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/7 "2024-12-02T16:07:38Z")
My offer has exactly the same terms as you describe. Probably the same company.
I have been approached with an offer for an Oil and Gas Top Lease on some mineral rights that we own in Live Oak County (in a portion of the Sanger Ranch - T. Welch Survey – I have more specifics regarding the exact location, but this is a ballpark).
I have never been sent an offer for a top lease, so I am not knowledgeable as to whether this is a fair offer. The details of the offer are:
• $150 per net mineral acre bonus consideration (payable within 60 days of the date the existing “bottom” lease is released and filed of record) • 20.00% Oil and Gas Lease Royalty • Oil and Gas Top Lease Bonus - 10.00% of Bonus, as described above, payable on date of execution of Oil and Gas Top Lease • Oil and Gas Top Lease Term - 18 Months • Oil and Gas Lease Term - 3 Year Paid-Up Lease with 2 Year Option to Extend • $150.00 Per Net Mineral Acre Extension Bonus Consideration • All Depths
Thank you in advance for any advice that any of you can provide me.
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### Author:  [@LC-Texas](https://www.mineralrightsforum.com/u/LC-Texas)
#### Post date: [January 1, 2025, 4:09am UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/8 "2025-01-01T04:09:26Z")
Tuckers, we have now received checks for gas wells on property described in top lease. We never signed lease. Have you received checks even though you didn’t sign top lease?
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### Author:  [@Tuckerrs](https://www.mineralrightsforum.com/u/Tuckerrs)
#### Post date: [January 8, 2025, 2:23pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/9 "2025-01-08T14:23:14Z")
No. Received a proposed lease but haven’t signed anything.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 9, 2025, 2:00pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/10 "2025-01-09T14:00:19Z")
Confirm with the operator what lease you are getting paid on. If it was the original do not sign the new top lease.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [January 26, 2025, 6:41pm UTC](https://www.mineralrightsforum.com/t/live-oak-county-top-lease-rates/78007/11 "2025-01-26T18:41:44Z")
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