# Oil & Gas Lease - Landman
**URL:** https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268
**Category:** General Mineral Rights Discussion
**Created:** [March 7, 2017, 8:31pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268 "2017-03-07T20:31:00Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 7, 2017, 8:31pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/1 "2017-03-07T20:31:00Z")
I’ve been contacted by a landman wanting to lease my mineral rights & offered a signing bonus & royalties. My question he is a landman. Not an oil & gas company??? Can landman do this? Thank you.
---
### Author:  [@M\_Holmes](https://www.mineralrightsforum.com/u/M_Holmes)
#### Post date: [March 7, 2017, 10:04pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/2 "2017-03-07T22:04:37Z")
He is likely a landman that works for or is working on behalf of an oil and gas company. That is how it is done.
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 8, 2017, 12:34am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/3 "2017-03-08T00:34:07Z")
M. Holmes, thank you. I didn’t know for sure. Thank you for your help.
---
### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [March 8, 2017, 6:05pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/4 "2017-03-08T18:05:08Z")
Anyone can lease your minerals.
---
### Author:  [@TennisDaze](https://www.mineralrightsforum.com/u/TennisDaze)
#### Post date: [March 8, 2017, 7:23pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/5 "2017-03-08T19:23:11Z")
Before you sign any legal document, be sure to read and understand the terms. There is a lot of reference material on this website. Do not let the landman apply high-pressure tactics to push you to sign before you make sure that all the terms are acceptable.
---
### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [March 8, 2017, 11:07pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/6 "2017-03-08T23:07:16Z")
Corby,
Usually a landman will offer a low bonus, so make sure you are getting a good deal. If you have at least 160 acres minerals, I would use an attorney to negotiate and help you with a lease. Leases are hard to understand even if you have been doing it a long time. I feel an oil & gas attorney is well worth the money.
You didn’t say where the minerals are located or what state, that may be helpful.
---
### Author:  [@Ms\_Pat\_Malone](https://www.mineralrightsforum.com/u/Ms_Pat_Malone)
#### Post date: [March 9, 2017, 2:31am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/7 "2017-03-09T02:31:28Z")
It would greatly benefit you to listen to all this good advice. Don’t be impressed by the $ sign and ignore the tiny print on the lease. It’s tiny for a reason.
I’m attaching a little “starter” guide to read … by Mr. John McFarland.
Good luck,
Pat
[504-DealingwithLandmen.doc](https://www.mineralrightsforum.com/uploads/db5755/original/2X/4/45c0c342b3df0e1d7b7494f3d94a63415b4ad9c9.doc) (34.5 KB)
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 9, 2017, 3:54pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/8 "2017-03-09T15:54:40Z")
Virginia, Thank you very much.
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 9, 2017, 3:55pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/9 "2017-03-09T15:55:29Z")
Pat, thank you so much, this helps a lot. I appreciate your time.
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 9, 2017, 3:55pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/10 "2017-03-09T15:55:46Z")
Ok thank you.
---
### Author:  [@Ms\_Pat\_Malone](https://www.mineralrightsforum.com/u/Ms_Pat_Malone)
#### Post date: [March 9, 2017, 3:58pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/11 "2017-03-09T15:58:56Z")
Please let me make myself clearer … “Don’t be impressed by the $ sign and don’t ignore the tiny print on the lease. It’s tiny for a reason.” They hope you won’t read it.
Good luck,
Pat
---
### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [March 9, 2017, 6:15pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/12 "2017-03-09T18:15:54Z")
Corby,
Pat is so right. Don’t even look at the check, look for the fine print. Also, be sure to sign a no deduction lease or you may be giving about 40% away real fast for deduction. See if it has an extension clause for the same money, always add a few hundred to the extension for bonus as lease bonus go up when oil goes up and you don’t want to give your lease away if they don’t get a well drilled in 3 years.
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 10, 2017, 2:24am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/13 "2017-03-10T02:24:41Z")
Virginia, thank you. Good advice. I was thinking of just doing a 2-year no option. That is a good idea for an extension clause. I will make sure it’s a no deduction lease too. I can put this in the lease? Thank you very, very much! Corby
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 10, 2017, 2:25am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/14 "2017-03-10T02:25:49Z")
Ok thank you. I will read everything & ask questions. Thank you again.
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 10, 2017, 2:27am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/15 "2017-03-10T02:27:06Z")
Canadian County in Oklahoma. The town is Yukon. What I’ve read on this forum too is it is one of the hottest areas too.
---
### Author:  [@Bobby\_Grace](https://www.mineralrightsforum.com/u/Bobby_Grace)
#### Post date: [March 10, 2017, 2:36am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/16 "2017-03-10T02:36:22Z")
Don’t be afraid because you have been contacted by a Landman. We are not all bad guys. We may actually be representing an Oil Company or an interested party with a good deal in hand.
But we may be a bunch of assholes, so be careful. And roam this forum.
---
### Author:  [@Ms\_Pat\_Malone](https://www.mineralrightsforum.com/u/Ms_Pat_Malone)
#### Post date: [March 10, 2017, 2:42am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/17 "2017-03-10T02:42:00Z")
Here is a sample of how you may add your own provisions to the lease.
EXHIBIT “A”
Attached hereto and made a part hereof that certain Oil, Gas and Mineral Lease, dated \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, 20 \_\_ by and between \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, Lessor, and \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, Lessee.
PROPERTY DESCRIPTION (“Leased Premises”):
\_\_\_\_\_\_\_\_ acres of land, more or less, being a part of the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Survey, Abstract\_\_\_\_\_, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ County, Texas, and being the same land more particularly described in that certain Warranty Deed dated \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ from \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ and recorded in Volume \_\_\_\_\_, Page \_\_\_\_ of the Deed Records of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ County, Texas, to which reference is herein made for a more complete description.
ADDED LEASE PROVISION(S):
The following agreements and provisions shall supersede and govern, and shall inure to the benefit of, and be binding upon the parties hereto and their respective heirs, representatives, successors and assigns.
Now, list your add-on provisions. Be sure to protect your groundwater. I would suggest that you don’t let them use it for any purpose. You do not want to chance contamination to your groundwater.
Good luck,
Pat
---
### Author:  [@Ms\_Pat\_Malone](https://www.mineralrightsforum.com/u/Ms_Pat_Malone)
#### Post date: [March 10, 2017, 2:46am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/18 "2017-03-10T02:46:24Z")
Good! And, so honestly put!
Pat
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 10, 2017, 2:56am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/19 "2017-03-10T02:56:57Z")
Oh wow!! Thank you for taking the time to do this. Perfect.
---
### Author:  [@Corby\_Oliver](https://www.mineralrightsforum.com/u/Corby_Oliver)
#### Post date: [March 10, 2017, 2:57am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268/20 "2017-03-10T02:57:26Z")
Ok. Thank you Bobby.
[Next page](https://www.mineralrightsforum.com/t/oil-gas-lease-landman/3268.md?page=2)