# Oil and Gas Lease Offer
**URL:** https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725
**Category:** Stark County, ND
**Created:** [April 3, 2025, 11:41am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725 "2025-04-03T11:41:33Z")
**Posts on this page:** 16
**Page:** 1
### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 3, 2025, 11:41am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/1 "2025-04-03T11:41:33Z")
I have received an offer to lease Section 9-139N-98W in Stark County, North Dakota. The leasing company is Murfin Drilling, Inc. Need advice on 2 things.
1. Is anyone familiar with Murfin?
2. They have given 2 options for lease. 1) $200/mineral acre bonus with a 1/8th royalty provision. 2) $100/mineral acre bonus with a 1/6th royalty provision.
I have 3 other sections and Section 2 is currently leased by Morningstar and have had activity there since 2010.
I’m trying to get advice on the market value and if this is a fair lease. I feel like it is low but not sure what is happening in that area. Thank you in advance for your assistance.
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### Author:  [@James\_Garner1](https://www.mineralrightsforum.com/u/James_Garner1)
#### Post date: [April 3, 2025, 7:25pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/2 "2025-04-03T19:25:36Z")
You may want to reach out to @M_Barnes since North Dakota may have some notice issues relating to OGL offers. Murfin has been around for quite some time.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 3, 2025, 7:57pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/3 "2025-04-03T19:57:21Z")
Most savvy mineral owners would want the second option at 1/6th, but ask for 3/16ths and see what they say.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 3, 2025, 10:36pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/4 "2025-04-03T22:36:09Z")
Do you think the $100/mineral acre is a good value? And thank you.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 3, 2025, 10:38pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/5 "2025-04-03T22:38:17Z")
Thank you, James. Appreciate your input.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 4, 2025, 9:42pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/6 "2025-04-04T21:42:05Z")
They are also requesting a 5 year lease. I’ve read that it’s best to only do 3. Do you have any input?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 4, 2025, 10:12pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/7 "2025-04-04T22:12:33Z")
Personally, I always ask for more money and a shorter time frame. So $150 at 1/6th or $100 at 3/16ths and three years. They may not agree, but you don’t know until you ask.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 13, 2025, 11:14am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/8 "2025-04-13T11:14:58Z")
I’ve managed to completely confuse myself. Can you explain why the $200/mineral acre with 1/8th bonus is not higher? It appears to me to have an initial larger payout. I had it mapped in my head and realized the $150 at 1/6 comes out the same in the royalty bonus as the $200 at 1/8th. What am I missing?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 13, 2025, 12:24pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/9 "2025-04-13T12:24:37Z")
I think longer term. The 1/8th and $200 bonus is a one time payment for the three year or five years. If I have a productive well or multiple wells, then I would rather have many years of payout at 1/6th instead of 1/8th since 1/6th (0.16666667) is larger than 1/8th (0.125). The bonus payment is very small compared to lifetime payout especially with multiple wells. The risk is that they never drill, then the 1/8th is better for a one time payout.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 13, 2025, 5:19pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/10 "2025-04-13T17:19:41Z")
Thank you so much for the clarification. I’m back on track. At the end of the day it is, indeed, all a risk but I need to look long term.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 18, 2025, 2:42pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/11 "2025-04-18T14:42:56Z")
So the landman has become very snarky. He has offered another section with what I suggested at 150/mineral acre with 1/6th royalty. I asked for a 3-year lease with option to do 2 additional with another bonus. He has agreed to 150 for all sections at 1/6th but 5-year lease. I need guidance moving forward. I’m not opposed to 5-year lease but feel I should have the option for bonus payout… am I wrong? Murfin is new to ND market and has some new lease in Dunn County.
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### Author:  [@Rick\_Tatum](https://www.mineralrightsforum.com/u/Rick_Tatum)
#### Post date: [April 18, 2025, 7:14pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/12 "2025-04-18T19:14:18Z")
I think you are right. 3-year with option. They may not be the only ones interested. So don’t be afraid to push a little.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [April 21, 2025, 4:23am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/13 "2025-04-21T04:23:02Z")
Thank you. So far we have no other offers and I know Murfin is new to North Dakota. I think I need to hold firm but have fear of missing out (FOMO). I guess if I stand my ground it may be only then they counter.
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### Author:  [@Towlcm](https://www.mineralrightsforum.com/u/Towlcm)
#### Post date: [May 4, 2025, 3:44pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/14 "2025-05-04T15:44:29Z")
Is there somewhere I can look to find out how many mineral acres I have in Stark County, Section 4-139N-98W? Thank you.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [May 5, 2025, 12:08pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/15 "2025-05-05T12:08:21Z")
You would need to either find a deed or probate and hope that the acres would be listed on it. If you have producing acres, then you can ask the Division Order analyst for the operator.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 2, 2025, 11:42am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-offer/80725/16 "2025-07-02T11:42:10Z")
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