# Oil Leases
**URL:** https://www.mineralrightsforum.com/t/oil-leases/12640
**Category:** Phillips County, KS
**Created:** [October 15, 2013, 6:13pm UTC](https://www.mineralrightsforum.com/t/oil-leases/12640 "2013-10-15T18:13:47Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Ranoa\_A\_Fulghum](https://www.mineralrightsforum.com/u/Ranoa_A_Fulghum)
#### Post date: [October 15, 2013, 6:13pm UTC](https://www.mineralrightsforum.com/t/oil-leases/12640/1 "2013-10-15T18:13:47Z")
We would like to determine what kind of rates / terms other parties are receiving in the Phillips County area on oil leases. We have been asked to sign a 3-year lease, $20/acre and 1/8th royalty interest. Would welcome any input. Thank you.
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### Author:  [@Nathan\_Bloch](https://www.mineralrightsforum.com/u/Nathan_Bloch)
#### Post date: [October 16, 2013, 2:13am UTC](https://www.mineralrightsforum.com/t/oil-leases/12640/2 "2013-10-16T02:13:45Z")
What part of Phillips County are your acres?
I am located in S23-T4S-R19W. There is a good sized field running from NE to SW, but it misses my section by a tad. Location, location matters.
I was approached in 2010 to lease for 1/8 royalty and a bonus of $25 per acre for a 3 year paid up lease. We did not come to terms, not because of the offer but because we could not agree on a form of lease which protected the rights of the lessor. I believe another royalty owner in the same section did agree, but I have not heard of any current activity.
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### Author:  [@Ranoa\_A\_Fulghum](https://www.mineralrightsforum.com/u/Ranoa_A_Fulghum)
#### Post date: [October 16, 2013, 5:51pm UTC](https://www.mineralrightsforum.com/t/oil-leases/12640/3 "2013-10-16T17:51:20Z")
S19-T5S-R17W--Bow Creek Northeast. Is that near the area you talked about? Thanks for your input!
Nathan Bloch said:
> What part of Phillips County are your acres?
>
> I am located in S23-T4S-R19W. There is a good sized field running from NE to SW, but it misses my section by a tad. Location, location matters.
>
> I was approached in 2010 to lease for 1/8 royalty and a bonus of $25 per acre for a 3 year paid up lease. We did not come to terms, not because of the offer but because we could not agree on a form of lease which protected the rights of the lessor. I believe another royalty owner in the same section did agree, but I have not heard of any current activity.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 1:12am UTC](https://www.mineralrightsforum.com/t/oil-leases/12640/4 "2018-08-15T01:12:29Z")