# Offer for Oil and Gas Lease
**URL:** https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347
**Category:** Campbell County, WY
**Created:** [July 1, 2021, 3:41pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347 "2021-07-01T15:41:47Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@Calvinwas50](https://www.mineralrightsforum.com/u/Calvinwas50)
#### Post date: [July 1, 2021, 3:41pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/1 "2021-07-01T15:41:47Z")
My siblings and I just recently inherited mineral rights in Campbell County, Township 44 North, Range 76 West. Hoover and Stacy just made an unsolicited offer for $800 per net acre (14.9 net acres) bonus and .1875 (3/16ths) royalties for a 5 year lease “and as long thereafter as oil or gas of whatsoever nature”. Does anyone have any feedback on this? Are Hoover & Stacy a reputable company? Thanks for any help.
---
### Author:  [@Andre\_M](https://www.mineralrightsforum.com/u/Andre_M)
#### Post date: [July 1, 2021, 9:27pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/2 "2021-07-01T21:27:01Z")
Unfortunately, I can’t speak to Hoover & Stacy’s reputation, however, I can share our MR leasing journey over the past 8 years. Go slow, seek wise counsel, and ask a lot of questions.
We leased our MRs in Campbell County (322 gross acres) back in 2013 to Mallard Creek Oil (Ft. Worth, TX).
**Bonus Consideration Payout:** $700 per net acre **Primary Term:** 5 yrs **Royalty interest:** 18.75%
**Summary:** The land was never drilled after 5 yrs and Mallard Creek was not interested in renewing the lease.
The bonus payout was a huge blessing as it literally “saved” my great aunt and great uncle’s house from being sold in order to pay for their healthcare. They were able to stay in their home until they passed away.
**June 2021 Update:** Rebellion Energy has been sending us certified mailings for the past couple of years with the _intent_ of applying for drilling applications. My guess is they’re trying to “lock up” several areas in the Campbell County area so they are able to maneuver MR owners into “forced pooling”.
In terms of your situation, I would seek out an attorney (which we did) in the local WY area which has experience negotiating MR lease contracts. We have had working experience with:
**Davis & Cannon Law Firm (Sheridan ofc)** Clint Langer
> **[Clint A. Langer - Davis & Cannon, LLP](https://davisandcannon.com/clint-a-langer/)**
>
> Clint A. LangerPartner, Sheridan Office Bio Practice Areas Admitted Education Clint A. Langer is a partner in the Sheridan office and a former law clerk for the Honorable Clarence A. Brimmer, United States District Court for the District of Wyoming....
(2019) We hired them to reach out to their contacts to see if anyone was interested in leasing our MRs. No luck.
**The Salisbury Firm, P.C.** (Cheyenne, WY) James Salisbury [https://www.lawwyo.com/firm-overview/](https://www.lawwyo.com/firm-overview/) They reviewed the original MR contract we had with Mallard Creek Oil before we signed.
Best, -andre
---
### Author:  [@Calvinwas50](https://www.mineralrightsforum.com/u/Calvinwas50)
#### Post date: [July 12, 2021, 1:54pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/3 "2021-07-12T13:54:23Z")
Thanks so much for this info Andre’. It’s very helpful. We made a phone call to another company, and they immediately came up to $1000/acre and 20%, with a 5 year lease and a 5 year option. We will continue to explore our options.
---
### Author:  [@Andre\_M](https://www.mineralrightsforum.com/u/Andre_M)
#### Post date: [July 12, 2021, 7:52pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/4 "2021-07-12T19:52:23Z")
Well done! Would you mind sharing the company that offered $1k p/ac? We’re trying to find interested co’s to lease our Campbell County mineral rights. Best, -A
---
### Author:  [@Calvinwas50](https://www.mineralrightsforum.com/u/Calvinwas50)
#### Post date: [July 21, 2021, 11:40pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/5 "2021-07-21T23:40:22Z")
Sorry that it took so long to get back to you. You can check with David Hansen (936.520.4468). He is with Surprise Valley Resources. One thing that I’ve learned, is that a 5 year lease with a 5 year option is not as good a deal as just a 5 year primary. You may already know this, but a 5/5 means that they have 5 years to start drilling with an optional 5 years to start. A 5 year primary with no option just means that they have 5 years to start, with no option to extend. In either case, if oil/gas is found, the contract is in force until as long as the well produces oil
---
### Author:  [@Andre\_M](https://www.mineralrightsforum.com/u/Andre_M)
#### Post date: [July 22, 2021, 12:30am UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/6 "2021-07-22T00:30:59Z")
Thanks so much for your contact and response. I knew about the primary contract vs option to renew. Having previously researched the MR forum, many people would advise negotiating for 3yrs. Best to you and your family…
---
### Author:  [@Greg\_Carnes](https://www.mineralrightsforum.com/u/Greg_Carnes)
#### Post date: [August 10, 2021, 7:37pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/7 "2021-08-10T19:37:28Z")
Hello Calvin, would you mind sharing what section you minerals are in? We have 1,357 acres in T44N/45N - R76W. We originally leased to Peak Powder back in 2013 and got it back in 2018. Thanks in advance.
---
### Author:  [@Calvinwas50](https://www.mineralrightsforum.com/u/Calvinwas50)
#### Post date: [August 11, 2021, 2:28am UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/8 "2021-08-11T02:28:14Z")
We are in Township 44 North, Range 75 West, 6th PM. We have had 2 companies bidding on new mineral rights in our area. Surprise Valley Resources and Hoover and Stacy. I found an article recently that ‘may’ be explaining why they are wanting to get started again in our area. Hope this helps.
> **[Feds Approve Plan To Drill And Frack 5,000 New Oil Wells in The Powder River...](https://www.forbes.com/sites/ianpalmer/2021/01/14/feds-approve-plan-to-drill-and-frack-5000-new-oil-wells-in-the-powder-river-basin-of-wyoming/?sh=b91c7ca6bb65)**
>
> In a region better known for coal mining, the next decade will be all about fracking.
---
### Author:  [@WyomingMom](https://www.mineralrightsforum.com/u/WyomingMom)
#### Post date: [August 17, 2021, 7:28pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/9 "2021-08-17T19:28:23Z")
Thank you for posting this. It’s helpful to know more about why we are getting an unsolicited offer to lease after no interest for many years.
---
### Author:  [@Willie-Cox](https://www.mineralrightsforum.com/u/Willie-Cox)
#### Post date: [August 18, 2021, 3:19pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/10 "2021-08-18T15:19:47Z")
Does anyone know who I can regarding leasing Poland 8 just inherited in Caddo County, OK? It’s located at 0000-07-10N-11W-2-010-00.
---
### Author:  [@WyomingMom](https://www.mineralrightsforum.com/u/WyomingMom)
#### Post date: [August 21, 2021, 10:14pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/11 "2021-08-21T22:14:49Z")
Click “Counties” at the top of this page and you can then find Oklahoma and ask your question there.
---
### Author:  [@chuckt12345](https://www.mineralrightsforum.com/u/chuckt12345)
#### Post date: [August 24, 2021, 9:16pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/12 "2021-08-24T21:16:47Z")
We are in Township 44 North, Range 75 West, 6th PM. We have had 2 companies bidding on new mineral rights in our area. Surprise Valley Resources and Hoover and Stacy. I found an article recently that ‘may’ be explaining why they are wanting to get started again in our area. Hope this helps.
> **[Feds Approve Plan To Drill And Frack 5,000 New Oil Wells in The Powder River...](https://www.forbes.com/sites/ianpalmer/2021/01/14/feds-approve-plan-to-drill-and-frack-5000-new-oil-wells-in-the-powder-river-basin-of-wyoming/?sh=b91c7ca6bb65)**
>
> In a region better known for coal mining, the next decade will be all about fracking.
[/quote]
i know them if you havent leased already
---
### Author:  [@Calvinwas50](https://www.mineralrightsforum.com/u/Calvinwas50)
#### Post date: [August 24, 2021, 10:07pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/13 "2021-08-24T22:07:19Z")
We haven’t signed anything yet. What do you know about them?
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [September 29, 2021, 3:42pm UTC](https://www.mineralrightsforum.com/t/offer-for-oil-and-gas-lease/62347/14 "2021-09-29T15:42:11Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.