# Mineral Lease Terms
**URL:** https://www.mineralrightsforum.com/t/mineral-lease-terms/21656
**Category:** Billings County, ND
**Created:** [April 6, 2012, 2:43am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656 "2012-04-06T02:43:47Z")
**Posts on this page:** 15
**Page:** 1
### Author:  [@Mark\_Osadchuk](https://www.mineralrightsforum.com/u/Mark_Osadchuk)
#### Post date: [April 6, 2012, 2:43am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/1 "2012-04-06T02:43:47Z")
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### Author:  [@Eastern\_MT](https://www.mineralrightsforum.com/u/Eastern_MT)
#### Post date: [April 6, 2012, 7:11am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/2 "2012-04-06T07:11:37Z")
143N-99W = $1,600/acre, 20%, 3 years.
98 to go.
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### Author:  [@Cara\_Simmons](https://www.mineralrightsforum.com/u/Cara_Simmons)
#### Post date: [April 6, 2012, 11:06pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/3 "2012-04-06T23:06:13Z")
141-99 $2,100/acre 20% 3 years.
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### Author:  [@Tracey\_Fry\_DeBell](https://www.mineralrightsforum.com/u/Tracey_Fry_DeBell)
#### Post date: [April 7, 2012, 5:12am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/4 "2012-04-07T05:12:44Z")
138N-100W Chesapeake offered $450/acre 20 net acres 5-yr in Jan 2012. thankfully retracted and passed…
141N-99W pending May 2012 $1,000/acre, 20 acres, 5 yrs
139N-100W lease signed before my involvement Dec 2009 for 5 yrs 1/6 int not sure of details per acre
139N-100W details unknown. June 2008 for 5 yrs 15%
141N-99W May 2011 5 yrs 17% lease per acre unknown
142N-100W Stephens recorded from Feb 2012 due to horizontal drill from north. unknown amount pd to relative
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### Author:  [@Tracey\_Fry\_DeBell](https://www.mineralrightsforum.com/u/Tracey_Fry_DeBell)
#### Post date: [April 7, 2012, 8:43pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/5 "2012-04-07T20:43:28Z")
Was this with Diamond, Cara? They are corresponding with the trustee on my behalf until title is transferred, and it is a lower rate at almost double the term, which means about 30% net of what you were able to get.
Mine is in Section 6, part of 240 acres. Does that make a difference?
Cara Simmons said:
> 141-99 $2100/acre 20% 3 years.
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### Author:  [@Mark\_Osadchuk](https://www.mineralrightsforum.com/u/Mark_Osadchuk)
#### Post date: [April 26, 2012, 2:16am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/6 "2012-04-26T02:16:53Z")
So we have 125 views and only 4 responses.
Looks like a lot of people creeping and not too many people sharing.
If we don’t get more, I’ll delete this thread.
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### Author:  [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [April 26, 2012, 3:14am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/7 "2012-04-26T03:14:29Z")
Mark, I’m willing, I just don’t want to post information from another county and get people confused. My last offer in Dunn County T149 R93 Section 24, T148 R93 Section 2 $3,000 per acre and 20% royalty, in Dec 2010. I’m sure they would have gone higher if they thought they could close the deal. I turned them down and went carried interest and am completely happy with it. I don’t get offers anymore. I hear everything you post here comes up on a Google search of your name, that being the case, I’m not surprised that I am not getting more offers although I have acres yet to lease in great areas. Good luck to you all and I hope you take this opportunity to help yourselves by sticking together.
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### Author:  [@Andrew\_Babcock](https://www.mineralrightsforum.com/u/Andrew_Babcock)
#### Post date: [April 26, 2012, 5:56pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/8 "2012-04-26T17:56:39Z")
I was a bit in people’s grill when I approached this issue in my first postings on this site. You have shown much more tact than I did. I would suggest that it would be even more helpful if the Sections were included in the property descriptions. Prices can vary greatly even by sections. Now I wish Williams County people would adopt your idea.
9-154N-100W = $4,000 nma 18% 3yrs…from a broker who wanted to charge 7% commission/fee. (Williams County)
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### Author:  [@Tracey\_Fry\_DeBell](https://www.mineralrightsforum.com/u/Tracey_Fry_DeBell)
#### Post date: [April 28, 2012, 12:58pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/9 "2012-04-28T12:58:27Z")
I agree regarding the sections… they vary substantially. I respect Mark’s opinion. I do not foresee much participation in the context that he envisions, which is sad; inconsistent information and convincing tales from landmen/women will continue to perpetuate the industry and further dilute rightful profits to the mineral lease owner.
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### Author:  [@Tracey\_Fry\_DeBell](https://www.mineralrightsforum.com/u/Tracey_Fry_DeBell)
#### Post date: [April 28, 2012, 1:02pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/10 "2012-04-28T13:02:34Z")
Cara, apparently my trustee signed a 3-year lease for 3/16s to commence May 7, 2012, off an original lease from 2004. Does that seem to be an unusual percentage? The extra 2% helps defray admin costs and taxes… every penny counts. I am not yet aware of the price per acre; my last communication with the landman was $5,000 then $15,000 signing, but that will not be confirmed until settlement of estate. Next hurdle is knowing/seeing what other drilling activity is going on in the area for future negotiation… hard to do even with GIS server or Google satellite imagery.
Tracey Fry DeBell said:
was this with Diamond, Cara? They are corresponding with trustee on my behalf until title is transferred and it is a lower rate at almost double the term which means about 30% net of what you were able to get.
Mine is in Section 6, part of 240 acres. Does that make a difference?
Cara Simmons said:
141-99 $2100/acre 20% 3 years.
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### Author:  [@Jeremiah\_McNeil](https://www.mineralrightsforum.com/u/Jeremiah_McNeil)
#### Post date: [April 28, 2012, 11:54pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/11 "2012-04-28T23:54:16Z")
144N R98 Sect. 33 Only $100/acre at 17% in July of 2008 and unfortunately I didn’t know what I was doing and they got me and my relatives for an option at $75 for 2 more years after the initial 3. I’m actually hoping they don’t drill by this time next year and we can get something in the $1000 - $2000/acre at 20% that others on the site are talking about… good luck to everyone 🙂
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### Author:  [@Jeremiah\_McNeil](https://www.mineralrightsforum.com/u/Jeremiah_McNeil)
#### Post date: [April 28, 2012, 11:57pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/12 "2012-04-28T23:57:23Z")
If you don’t mind me asking… what section and what company did you sign with???
Eastern MT said:
143N-99W = $1,600/acre, 20%, 3 years.
98 to go.
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### Author:  [@John\_F\_Fisher](https://www.mineralrightsforum.com/u/John_F_Fisher)
#### Post date: [April 29, 2012, 3:54pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/13 "2012-04-29T15:54:17Z")
Township 138 Range 100 Section 23 = $700/acre, 18.75%, 3 years. Signed in 2011.
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### Author:  [@Jeremy\_S](https://www.mineralrightsforum.com/u/Jeremy_S)
#### Post date: [May 9, 2012, 11:34am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/14 "2012-05-09T11:34:29Z")
24-140N-100W, 22-140N-100W, both total $1,500/12 mineral acres each, both 16% Aug 2009 3 yrs. If I would have known or been aware of the potential oil boom, or knew what was about to happen, I would have tried to get 18%-20%. Lesson: Always research before signing.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:50am UTC](https://www.mineralrightsforum.com/t/mineral-lease-terms/21656/15 "2018-08-15T03:50:16Z")