# New lease offers
**URL:** https://www.mineralrightsforum.com/t/new-lease-offers/7282
**Category:** Carter County, OK
**Created:** [April 7, 2015, 3:58pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282 "2015-04-07T15:58:14Z")
**Posts on this page:** 15
**Page:** 1
### Author:  [@Rick\_Tatum](https://www.mineralrightsforum.com/u/Rick_Tatum)
#### Post date: [April 7, 2015, 3:58pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/1 "2015-04-07T15:58:14Z")
Hi All I’m wondering how many others have had offers lately. I have one for Section 25, Township 3S, Range 1W - $500/acre at 1/8th and $300/acre for 3/16ths. Obviously there is negotiating to do. But I am wonder if there are many more offers out there and why? I’m surprised that I got any offer in Carter with the downturn and they are very eager. So what is happening in Carter? Thanks to all.
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### Author:  [@Ann\_Whitchurch](https://www.mineralrightsforum.com/u/Ann_Whitchurch)
#### Post date: [April 7, 2015, 4:40pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/2 "2015-04-07T16:40:39Z")
XTO is still active in Carter. I don’t know if they are going to, or have already, cut back.
I saw a newspaper notice for Indian Land leasing last month: Continental Resources, Section 5, Township 4S Range 1W, $502/ac. paid up, 3/16ths.
In the last few days I saw a legal notice for XTO I believe it was in 1E. It was not a lease, I think either Pooling, Spacing or Location Exception.
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### Author:  [@Sam\_Dobbins](https://www.mineralrightsforum.com/u/Sam_Dobbins)
#### Post date: [April 7, 2015, 5:11pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/3 "2015-04-07T17:11:23Z")
Who made the offer in 3S-1W Rick? Before the downturn I know Apache was paying $1500/acre in there.
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### Author:  [@Dusty\_Browning](https://www.mineralrightsforum.com/u/Dusty_Browning)
#### Post date: [April 7, 2015, 6:37pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/4 "2015-04-07T18:37:31Z")
Who made the offer?
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### Author:  [@Rick\_Tatum](https://www.mineralrightsforum.com/u/Rick_Tatum)
#### Post date: [April 22, 2015, 8:02pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/5 "2015-04-22T20:02:46Z")
Sorry been out of touch. The offer came from Kathy Street for Bearcat Land. They still seem very eager. I am trying to nail down a good Pugh Clause now.
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### Author:  [@Ann\_Whitchurch](https://www.mineralrightsforum.com/u/Ann_Whitchurch)
#### Post date: [April 22, 2015, 11:03pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/6 "2015-04-22T23:03:42Z")
This is the one I’ve used quite a bit, Rick.
At the end of the primary lease term of this lease, all leasehold acreage outside of a unit formerly established by the state oil and gas commission (whatever your state’s name might be i.e. Corporation Commission) will be released and all depths below the base of the deepest producing formation will be released. Such release document will be recorded in the County of property location and a recorded copy will be provided to lessor.
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### Author:  [@Rick\_Tatum](https://www.mineralrightsforum.com/u/Rick_Tatum)
#### Post date: [April 24, 2015, 7:45pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/7 "2015-04-24T19:45:48Z")
Thanks Ann. This is good. I found one that separated it into two clauses - one for acreage held and one for depth below well. I like this one though because it is all in one. Thanks again
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### Author:  [@Jay\_Marchant](https://www.mineralrightsforum.com/u/Jay_Marchant)
#### Post date: [June 19, 2015, 10:36pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/8 "2015-06-19T22:36:08Z")
Thanks for the “heads up” Rick. Received a call today concerning our interest in Sec. 27 & 28 of 3S-1W. Same terms you describe, but they are mailing more information. Not sure who is making this offer.
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### Author:  [@Sidney\_Eby](https://www.mineralrightsforum.com/u/Sidney_Eby)
#### Post date: [June 19, 2015, 11:37pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/9 "2015-06-19T23:37:23Z")
To Rick. We signed a lease with Recon Resources in Oct of 2014 for $750 per acre and 20% royalty on our Sect 29 & 30, Sid.
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### Author:  [@Bob\_Titley](https://www.mineralrightsforum.com/u/Bob_Titley)
#### Post date: [June 24, 2015, 2:58pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/10 "2015-06-24T14:58:56Z")
Rick: They are gradually moving south and southeast in the SCOOP Woodford. They just sounded a well in 36-3S-3W. They have about 7 or 8 completed in 3S-3W. So I expect they will gradually be moving east. BUT…I am in that 36-3S-3W well, and they originally leased it 3 years ago…and the lease calls started some months before that. What are the best offers you have gotten elsewhere? I know a lease broker I can refer you to that can get you better deals if he is interested in that area. I’ll send you a friend request.
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### Author:  [@Marshall\_Picow](https://www.mineralrightsforum.com/u/Marshall_Picow)
#### Post date: [July 5, 2015, 4:38pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/11 "2015-07-05T16:38:17Z")
Rick, You should be able to get the 3/16 on that offer vs. the 1/8 if you have not yet signed up.
Also, has anyone received an offer lately for Section 27 and does anyone know of a good way to get info on historical mineral sales in Carter going back 15 years or so (especially Section 34)… maybe one of you sold or bought some Carter mineral back then?
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### Author:  [@Chris\_Hildebrand](https://www.mineralrightsforum.com/u/Chris_Hildebrand)
#### Post date: [July 15, 2015, 9:31pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/12 "2015-07-15T21:31:32Z")
Who is “they”? My interest is in 36-3W-1W.
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### Author:  [@Rick\_Tatum](https://www.mineralrightsforum.com/u/Rick_Tatum)
#### Post date: [July 21, 2015, 3:39pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/13 "2015-07-21T15:39:17Z")
Thanks for all the replies. I haven’t had time to be on the site lately.
I did get $500 + 3/16ths because they would not go for 20% and I would not go below 3/16ths. I did add a pugh clause from this website and got wording in to limit post production costs. We will see how well those work out. More patience would have helped because they did agree fairly quickly - within three weeks. Live and learn.
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### Author:  [@Bryan\_Oldham](https://www.mineralrightsforum.com/u/Bryan_Oldham)
#### Post date: [September 22, 2015, 6:50pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/14 "2015-09-22T18:50:02Z")
Hi. Wondering if it is advantageous to wait and see if a tract is pooled versus agreeing to a lease up front. Any thoughts?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:47pm UTC](https://www.mineralrightsforum.com/t/new-lease-offers/7282/15 "2018-08-14T23:47:37Z")