So do they have a right to perpetually renew every 5 years? That seems wrong. Usually there is an option to renew but it’s not perpetual, you can only just do it once. If they in fact do have the right to keep renewing, all they really need to do is send payment for the bonus and notice that they are renewing. They don’t need to take a new lease. Your lessors can try and get them to take new leases, but if I’m the lessee and I can keep the minerals leased under the low cost terms stated under the original lease, I would instead of giving them each a new lease.
Let me know if you have any other questions.