# Multiple lease offers -should I lease or pool?
**URL:** https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937
**Category:** Stephens County, OK
**Created:** [March 27, 2024, 12:36pm UTC](https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937 "2024-03-27T12:36:53Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Hilary\_Toups](https://www.mineralrightsforum.com/u/Hilary_Toups)
#### Post date: [March 27, 2024, 12:36pm UTC](https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937/1 "2024-03-27T12:36:53Z")
I’ve received two lease offers and a pooling application for Sections 15 & 16 of Township 1 South, Range 4 West. One of the lease offers is from Bearcat Land, Inc. on behalf of Continental Resources who applied for the pooling. The other lease offer is from Hall-Ward Energy Fund and is for better terms. Is it better to take the best lease offer or wait for the pooling? I’m not sure how the pooling works.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [March 27, 2024, 6:09pm UTC](https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937/2 "2024-03-27T18:09:54Z")
[0\_The Pooling Process in Oklahoma.pdf](https://www.mineralrightsforum.com/uploads/short-url/9zY8BIUYui5VZiBESeENNKu8uFp.pdf) (340.4 KB)
Personally, I go with whomever offers the best lease terms and clauses. And I strongly suggest that you get a good oil and gas attorney to review any lease as the draft lease is rarely in the mineral owner’s favor and needs significant edits. I have found that third party leases are often much more friendly to edits than the operator leases.
If I cannot get a good lease with reasonable terms, then I have no problem with pooling. It is essentially a short term “lease” of either six months or a year with defined reservoirs. It can have its own advantages. In several cases, the wells have not been drilled in the time frame and I have been paid multiple bonus amounts to extend the pooling.
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### Author:  [@Hilary\_Toups](https://www.mineralrightsforum.com/u/Hilary_Toups)
#### Post date: [March 27, 2024, 11:09pm UTC](https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937/3 "2024-03-27T23:09:38Z")
Thank you! The Pooling Process info is great.
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### Author:  [@Brock\_Presgrove](https://www.mineralrightsforum.com/u/Brock_Presgrove)
#### Post date: [March 27, 2024, 11:41pm UTC](https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937/4 "2024-03-27T23:41:33Z")
The alternative I took was not to wait for an offer. I tracked down all interested leasers/buyers and asked for their best offer. You’ll get interesting offers.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 25, 2024, 12:37pm UTC](https://www.mineralrightsforum.com/t/multiple-lease-offers-should-i-lease-or-pool/74937/5 "2024-06-25T12:37:06Z")
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