# Need Comps for Lease Offer

**URL:** https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529
**Category:** Ector County, TX
**Created:** [May 22, 2025, 10:00am UTC](https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529 "2025-05-22T10:00:14Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![elm913](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/e/df788c/32.png) [@elm913](https://www.mineralrightsforum.com/u/elm913)
#### Post date: [May 22, 2025, 10:00am UTC](https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529/1 "2025-05-22T10:00:15Z")

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Is $1500/A in the ballpark for Sec 16, Blk 42, Tnp 2S, Ector County, Texas Mississippian lease offer inside Odessa city limits? 5 years with 2-year extension option, 25% cost free?

Any info is appreciated.

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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: [May 24, 2025, 3:25pm UTC](https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529/2 "2025-05-24T15:25:55Z")

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Local folks would need to answer, but it would be wise to get an attorney to review any offers. Several are listed in the Directories tab above. Personally, 5 years with a two year extension is too long. Be careful about the cost free offer. You would want a lease without post production charges, but the offer could say “cost free” and the lease language might say something entirely different.

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### Author: ![elm913](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/e/df788c/32.png) [@elm913](https://www.mineralrightsforum.com/u/elm913)
#### Post date: [May 24, 2025, 8:10pm UTC](https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529/3 "2025-05-24T20:10:01Z")

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Thanks Martha. The minerals are in Ector County. I live in Oklahoma. Should I contact a Texas oil and gas attorney?

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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: [May 24, 2025, 10:58pm UTC](https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529/4 "2025-05-24T22:58:28Z")

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Yes, Texas law is different than OK law, so the lease clauses can mean different things with the same words. So best to get a good oil & gas attorney from Texas to review Texas leases.

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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: [August 20, 2025, 10:01am UTC](https://www.mineralrightsforum.com/t/need-comps-for-lease-offer/81529/5 "2025-08-20T10:01:08Z")

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