# Offer to Lease minerals

**URL:** https://www.mineralrightsforum.com/t/offer-to-lease-minerals/67910
**Category:** Creek County, OK
**Created:** [September 18, 2022, 11:05pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-minerals/67910 "2022-09-18T23:05:03Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![Lauren\_Conder](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/bbce88/32.png) [@Lauren\_Conder](https://www.mineralrightsforum.com/u/Lauren_Conder)
#### Post date: [September 18, 2022, 11:05pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-minerals/67910/1 "2022-09-18T23:05:03Z")

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I have received an offer to lease my minerals in Creek County Section 6 Township 16N Range 10E. The offer is very nominal so I wanted to see if anyone knew of any activity in the area or if this person was just trying to lease it and hold for future interest. They are offering $25 per net mineral acre for 5 years with option to extend another 5 years with 1/8 royalty. It doesn’t seem enough to bother with. Any suggestions?

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [September 19, 2022, 12:05am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-minerals/67910/2 "2022-09-19T00:05:57Z")

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I would never lease for more than three years and would not take a extension. The offer is for entirely too long a time and implied speculation (in my opinion). Too much can happen in one year even more in five. I rarely consider 1/8th, I start with 3/16th. You section already has a recent filed lease at 3/16ths, so no way would I take 1/8th.

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### Author: ![BRETT\_SELF](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/brett_self/32/3769_2.png) [@BRETT\_SELF](https://www.mineralrightsforum.com/u/BRETT_SELF)
#### Post date: [September 19, 2022, 12:49am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-minerals/67910/3 "2022-09-19T00:49:50Z")

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They told me they wanted to do horizontal drilling which makes sense because they want to lease the 2 sections just west of you. I don’t like the 5 years + 5 or the 1/8 royalty. I am holding out for 3/16.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [December 17, 2022, 11:05pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-minerals/67910/4 "2022-12-17T23:05:48Z")

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