# New interest
**URL:** https://www.mineralrightsforum.com/t/new-interest/19570
**Category:** Slope County, ND
**Created:** [November 26, 2012, 8:03pm UTC](https://www.mineralrightsforum.com/t/new-interest/19570 "2012-11-26T20:03:32Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Gwen\_W](https://www.mineralrightsforum.com/u/Gwen_W)
#### Post date: [November 26, 2012, 8:03pm UTC](https://www.mineralrightsforum.com/t/new-interest/19570/1 "2012-11-26T20:03:32Z")
Was just contacted by Marathon Oil to lease more mineral rights in Township 135, Range 99, Section 33. The offer is less than the last mineral rights I leased. Has anyone leased mineral rights lately in that Section, and what seems to be the going rate?
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### Author:  [@Patty\_Prediletto](https://www.mineralrightsforum.com/u/Patty_Prediletto)
#### Post date: [November 26, 2012, 8:15pm UTC](https://www.mineralrightsforum.com/t/new-interest/19570/2 "2012-11-26T20:15:07Z")
135/99/12: We are working on a lease for $250 an acre. What are they offering you?
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### Author:  [@dean\_e\_woodsend](https://www.mineralrightsforum.com/u/dean_e_woodsend)
#### Post date: [November 26, 2012, 8:55pm UTC](https://www.mineralrightsforum.com/t/new-interest/19570/3 "2012-11-26T20:55:43Z")
In Nov 2011 we received lease in Sections 31 and 32 at $500.00 same company. Read somewhere they plan to drill 5 wells on 1280 acre lots near this area. DEW
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### Author:  [@Tom\_McLarnan](https://www.mineralrightsforum.com/u/Tom_McLarnan)
#### Post date: [November 27, 2012, 4:07am UTC](https://www.mineralrightsforum.com/t/new-interest/19570/4 "2012-11-27T04:07:12Z")
Patty, please keep us informed how things work out for you. My family owns mineral rights just to the east of you—135-7 & 18-98W. I learned a while ago that Marathon leased part of Section 18 at State auction in August of 2011. It appears they like what they see in the area.
Tom
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### Author:  [@Tom\_McLarnan](https://www.mineralrightsforum.com/u/Tom_McLarnan)
#### Post date: [November 27, 2012, 4:22am UTC](https://www.mineralrightsforum.com/t/new-interest/19570/5 "2012-11-27T04:22:47Z")
Dean, if you are willing to share, I am wondering if $500.00 per acre was their initial offer. Also, what royalty did they offer and length of lease term did they want? Thanks, Tom.
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### Author:  [@dean\_e\_woodsend](https://www.mineralrightsforum.com/u/dean_e_woodsend)
#### Post date: [November 27, 2012, 4:37am UTC](https://www.mineralrightsforum.com/t/new-interest/19570/6 "2012-11-27T04:37:31Z")
The first offer was $400.00, we asked them to match the $500.00 that was offered others just east near Rainy Butte, and they matched it, so we took it. DEW
Tom McLarnan said:
Dean, if you are willing to share, I am wondering if $500.00 per acre was their initial offer. Also, what royalty did they offer and length of lease term did they want? Thanks, Tom.
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### Author:  [@Tom\_McLarnan](https://www.mineralrightsforum.com/u/Tom_McLarnan)
#### Post date: [November 27, 2012, 4:40am UTC](https://www.mineralrightsforum.com/t/new-interest/19570/7 "2012-11-27T04:40:30Z")
Thanks Dean. I appreciate your willingness to share your information. Tom.
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### Author:  [@Gwen\_W](https://www.mineralrightsforum.com/u/Gwen_W)
#### Post date: [November 27, 2012, 12:00pm UTC](https://www.mineralrightsforum.com/t/new-interest/19570/8 "2012-11-27T12:00:18Z")
A year ago we leased for $400.00 an acre and are being offered $250.00 an acre this time around. Was told that they hope to have some wells up and running within the next few years. Offered same royalty rate 3/16th, or at least this was the verbal offer. Am waiting for paperwork to arrive.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:11am UTC](https://www.mineralrightsforum.com/t/new-interest/19570/9 "2018-08-15T03:11:19Z")