# Negotiating an Oil and Gas Lease, Polk county lease Rates?
**URL:** https://www.mineralrightsforum.com/t/negotiating-an-oil-and-gas-lease-polk-county-lease-rates/13079
**Category:** Polk County, TX
**Created:** [August 19, 2013, 5:19pm UTC](https://www.mineralrightsforum.com/t/negotiating-an-oil-and-gas-lease-polk-county-lease-rates/13079 "2013-08-19T17:19:47Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Tom\_Servo](https://www.mineralrightsforum.com/u/Tom_Servo)
#### Post date: [August 19, 2013, 5:19pm UTC](https://www.mineralrightsforum.com/t/negotiating-an-oil-and-gas-lease-polk-county-lease-rates/13079/1 "2013-08-19T17:19:47Z")
I have recently been approached from a Land Co. offering $150 per acre (on 200 acres) for 3 yrs, and $100 per year for 2 more years. This seems pretty low considering the growing activity in my area of Polk county ( Famcor is very active) in the Big Sandy Creek field, about 5 miles away. I was wondering how to go about getting other offers from firms active or interested in that area so I can start with a 'smart' counter offer that I can live with. I knew very little about this realm of business so I have been redearching and I would urge everyone to read the documents linked below. They helped a great deal!
Here are some great resources about the getting the most out of a lease deal, See the links or attachments below. One is from Texas A&M's Real Estate school and the other is from an Oil and Gas firm.
Tom
"HINTS ON NEGOTIATING AN OIL AND GAS LEASE"
[http://recenter.tamu.edu/pdf/229.pdf](http://recenter.tamu.edu/pdf/229.pdf)
"CHECKLIST FOR NEGOTIATING AN OIL AND GAS LEASE"
[http://www.gdhm.com/images/pdf/jbm-ogleasechecklist.pdf](http://www.gdhm.com/images/pdf/jbm-ogleasechecklist.pdf)
[2339-jbmogleasechecklist.pdf](https://www.mineralrightsforum.com/uploads/db5755/original/2X/3/34ee38725ea89c72be61ae023304268f5a884020.pdf) (74.2 KB) [2340-lease.pdf](https://www.mineralrightsforum.com/uploads/db5755/original/2X/9/95b706309c9b22a4f98eb086d8afe32110200311.pdf) (160 KB) [2341-oilgasleasechecklist\_outline.pdf](https://www.mineralrightsforum.com/uploads/db5755/original/2X/0/0c28b6fdd2e54696c1fa6b422a03119521076dd6.pdf) (18.9 KB)
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### Author:  [@mary3](https://www.mineralrightsforum.com/u/mary3)
#### Post date: [August 12, 2015, 9:40am UTC](https://www.mineralrightsforum.com/t/negotiating-an-oil-and-gas-lease-polk-county-lease-rates/13079/2 "2015-08-12T09:40:19Z")
Wanting to know my options on getting my minerals leased again.
Thanks
Mary Ann
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### Author:  [@Laura\_Drummond](https://www.mineralrightsforum.com/u/Laura_Drummond)
#### Post date: [October 16, 2015, 1:21pm UTC](https://www.mineralrightsforum.com/t/negotiating-an-oil-and-gas-lease-polk-county-lease-rates/13079/3 "2015-10-16T13:21:53Z")
Hi, Mary are you getting a new lease, I signed one in Sept, on the John Jackson survey, I only got 100.00 it is 108 acres, but it has a lot of people on it. But I get 1/4 roy. It is min. rights. Thanks.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 1:19am UTC](https://www.mineralrightsforum.com/t/negotiating-an-oil-and-gas-lease-polk-county-lease-rates/13079/4 "2018-08-15T01:19:45Z")