# Oil and gas lease terms? what's up?
**URL:** https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785
**Category:** General Mineral Rights Discussion
**Created:** [May 20, 2017, 11:14pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785 "2017-05-20T23:14:24Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Sheri\_A\_Benischek](https://www.mineralrightsforum.com/u/Sheri_A_Benischek)
#### Post date: [May 20, 2017, 11:14pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785/1 "2017-05-20T23:14:24Z")
I recently received a lease for two Grayson County, Texas properties. Interestingly, there are three points which I am mentioning here. (1) I don’t recall ever receiving a lease for two properties combined. (2) Since when did land companies start offering a percentage of the royalties, rather than the standard 3/16, 1/8, e.g.? This offer is for 15 percent. (3) The legal description on one of the two properties is only partially correct. Comments, please. Has anyone following this thread leased in Grayson County recently? What kind of offers per acre did you receive? This lease has a primary term of 5 years plus a 3-year option…is this something newer as I have never dealt with a 5-year primary term.
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [May 20, 2017, 11:30pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785/2 "2017-05-20T23:30:55Z")
Possibly a scam. Sounds like something to be filed in the trashcan.
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### Author:  [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [May 21, 2017, 2:37am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785/3 "2017-05-21T02:37:04Z")
Sheri, you really don’t want to lease two different properties on a single lease form when it’s THEIR lease form. If they complain about not saving a $50 filing fee, tell them you will pay it. The natural firewall that two separate forms provide is more than worth it. I doubt they will ask you to pay for the second lease recording, paper, and ink, but I wouldn’t put it totally past them either.
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### Author:  [@TennisDaze](https://www.mineralrightsforum.com/u/TennisDaze)
#### Post date: [May 21, 2017, 4:10am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785/4 "2017-05-21T04:10:52Z")
There has been a very deceptive “lease” offered by various landmen which includes the term “25% of royalty” or “1/4 of royalty” as opposed to 25% royalty. The difference is that you will only receive 1/4 of the 1/4 royalty = 1/16. The lessee will keep the other 3/16 of the royalty. You must be very careful about understanding all of the terms in any lease form which is presented to you.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:28pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-lease-terms-whats-up/2785/5 "2018-08-14T22:28:05Z")