# New Lease Help
**URL:** https://www.mineralrightsforum.com/t/new-lease-help/82214
**Category:** Arkansas Mineral Rights
**Created:** [July 1, 2025, 6:30pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214 "2025-07-01T18:30:35Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@SalsterBLB](https://www.mineralrightsforum.com/u/SalsterBLB)
#### Post date: [July 1, 2025, 6:30pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/1 "2025-07-01T18:30:35Z")
We had Saltwerx (Exxon) interested in leasing 19.88 acres in Columbia County for the lithium that’s on the way. Inherited all our interests and have never leased land before. Anybody know a good lawyer that can look over the lease offer and help with negotiations in the area?
---
### Author:  [@Terrel\_Shields](https://www.mineralrightsforum.com/u/Terrel_Shields)
#### Post date: [July 1, 2025, 9:05pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/2 "2025-07-01T21:05:27Z")
Go for the highest bonus money you can get as the state has set the royalty at 2.5%. Try to negotiate zero post-production expenses. Try Robert Honea in Ft. Smith.
---
### Author:  [@SalsterBLB](https://www.mineralrightsforum.com/u/SalsterBLB)
#### Post date: [July 1, 2025, 9:15pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/3 "2025-07-01T21:15:17Z")
Is this the bonus offer they sent?
We can lease this acreage for $400 per acre for a 5-year lease. Then there is a 10-year option at $75 per acre annually.
---
### Author:  [@Lacy\_Newman\_Humphreys](https://www.mineralrightsforum.com/u/Lacy_Newman_Humphreys)
#### Post date: [July 2, 2025, 2:18am UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/4 "2025-07-02T02:18:17Z")
Contact Wayne Weathersby in El Dorado, AR. He is a Landman and will steer you in the right direction. He handles my minerals in Union, Columbia, and Ouachita Counties. Probably, at least 40 years experience.
---
### Author:  [@SalsterBLB](https://www.mineralrightsforum.com/u/SalsterBLB)
#### Post date: [July 11, 2025, 7:02pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/5 "2025-07-11T19:02:33Z")
This is the first bonus offer they sent and not sure if it sounds fair or not? We haven’t gotten into lease terms yet, just was curious about this offer.
We can lease this acreage for $400 per acre for a 5-year lease. Then there is a 10-year option at $75 per acre annually.
---
### Author:  [@SalsterBLB](https://www.mineralrightsforum.com/u/SalsterBLB)
#### Post date: [July 14, 2025, 4:19pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/7 "2025-07-14T16:19:14Z")
Okay, thank you and when you say a lot of activity, what does that mean? We inherited this land and all the other land has leases and wells on it and have this 18.22 acres available and trying to figure out how to capitalize on this and have no idea about oil and gas just trying to learn. Thank you for your help.
---
### Author:  [@user79](https://www.mineralrightsforum.com/u/user79)
#### Post date: [July 15, 2025, 6:57pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/8 "2025-07-15T18:57:07Z")
We were just contacted also. Did you find out anything? The landman that I spoke to said $400 per acre for the lease. Waiting for the paperwork in order to have an attorney look at it.
---
### Author:  [@SalsterBLB](https://www.mineralrightsforum.com/u/SalsterBLB)
#### Post date: [September 9, 2025, 1:21pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/9 "2025-09-09T13:21:40Z")
They told us we can lease this acreage for $400 per acre for a 5-year lease. Then there is a 10-year option at $75 per acre annually. I truly don’t understand what that means. Could you explain it a little to me please?
---
### Author:  [@user79](https://www.mineralrightsforum.com/u/user79)
#### Post date: [September 11, 2025, 4:52pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/10 "2025-09-11T16:52:59Z")
You need to consult an attorney. We contacted Mays Law Firm in Arkansas and they reviewed the contract for us.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [September 29, 2025, 6:30pm UTC](https://www.mineralrightsforum.com/t/new-lease-help/82214/11 "2025-09-29T18:30:47Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.