# Mineral right offer

**URL:** https://www.mineralrightsforum.com/t/mineral-right-offer/63384
**Category:** Blaine County, OK
**Created:** [September 25, 2021, 10:32pm UTC](https://www.mineralrightsforum.com/t/mineral-right-offer/63384 "2021-09-25T22:32:29Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Amylou309](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/a/13edae/32.png) [@Amylou309](https://www.mineralrightsforum.com/u/Amylou309)
#### Post date: [September 25, 2021, 10:32pm UTC](https://www.mineralrightsforum.com/t/mineral-right-offer/63384/1 "2021-09-25T22:32:29Z")

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I have 80 acres on this plot and am receiving an offer from turner and gas so they can drill. Th offer is 350/per acre + 3/16 of the royalties if they strike oil. Is that a good deal?

North half of north west corner N/2 NW/4 Of section 23, Township 19 N, Range 12 W

Thank you Amy

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [September 27, 2021, 12:14pm UTC](https://www.mineralrightsforum.com/t/mineral-right-offer/63384/2 "2021-09-27T12:14:58Z")

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Companies generally start out with the 3/16ths offer, but I always ask for what they are offering for 1/5th and 1/4 as the royalty is more important to me than the bonus amount.

Are you sure you have 80 acres or a proportional interest in 80 acres. 80 acres would be rare after this many generations have passed since original patents.

I always ask: Who will be the operator? What kind of well will they be drilling? What reservoir will be the target? When do they expect to permit and drill?

I often wait for the forced pooling if I cannot negotiate the lease to a more mineral owner friendly version. The original draft lease will be all in the operator’s favor and will need some work.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [December 24, 2021, 10:33pm UTC](https://www.mineralrightsforum.com/t/mineral-right-offer/63384/3 "2021-12-24T22:33:01Z")

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