# Oil and Gas Lease offer - Monongalia County, WV
**URL:** https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647
**Category:** Monongalia County, WV
**Created:** [July 20, 2023, 9:11pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647 "2023-07-20T21:11:57Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@EAD](https://www.mineralrightsforum.com/u/EAD)
#### Post date: [July 20, 2023, 9:11pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/1 "2023-07-20T21:11:57Z")
I just received an oil and gas lease offer on approximately 80 acres of inherited mineral rights in Monongalia County, West Virginia. They are offering $2,000 per acre and 13% royalty payments. I’m not interested in selling the rights but wanted to understand if this is a reasonable or low offer for this area. Completely new to this and was not tracking our family-owned rights. Any help would be appreciated.
---
### Author:  [@Kyle\_Nuttall](https://www.mineralrightsforum.com/u/Kyle_Nuttall)
#### Post date: [July 21, 2023, 4:31pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/2 "2023-07-21T16:31:08Z")
Those numbers are low. I’d push for $3-4K/acre on the signing bonus and 18% on the royalty. So ask for more than that when you make your counter-offer. Gotta have some room to negotiate down.
---
### Author:  [@Khaled\_Helmi](https://www.mineralrightsforum.com/u/Khaled_Helmi)
#### Post date: [July 22, 2023, 2:23pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/3 "2023-07-22T14:23:45Z")
@EAD definitely a low offer. Make sure you negotiate gross. Also, if you have 80 acres what they always recommend in finance is consider diversification - you have enough to keep some and sell some especially if you have no investments outside of Oil & Gas.
---
### Author:  [@WVOGM](https://www.mineralrightsforum.com/u/WVOGM)
#### Post date: [July 25, 2023, 2:35pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/4 "2023-07-25T14:35:48Z")
What district are you in? I am working with a group right now that are making much better offers than that.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 25, 2023, 5:48pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/5 "2023-07-25T17:48:16Z")
Remember that solicitation is not allowed on the forum. General information is welcome.
---
### Author:  [@WVOGM](https://www.mineralrightsforum.com/u/WVOGM)
#### Post date: [July 25, 2023, 6:06pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/6 "2023-07-25T18:06:55Z")
Is this aimed at me? How is stating that I am fielding better offers than that in the same county soliciting? It’s stating a fact.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 25, 2023, 7:21pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/7 "2023-07-25T19:21:03Z")
No not particularly aimed at anyone.
If you are a mineral owner and getting better offers, they might be for an area that is in a district with different economic potential so may be higher or lower depending upon location. If you are in the same area as the topic, then sharing is useful.
We have had buyers on the forum who have tried to use the forum for their own economic purposes and directly solicited which is prohibited. Just a reminder to any of them out there scrolling through.
The forum welcomes professionals who share their knowledge for the good of the community.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [October 18, 2023, 9:12pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer-monongalia-county-wv/71647/8 "2023-10-18T21:12:23Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.