# Primary term and rental - oil and gas lease

**URL:** https://www.mineralrightsforum.com/t/primary-term-and-rental-oil-and-gas-lease/59602
**Category:** Oil and Gas Leasing Help
**Created:** [November 18, 2020, 8:58pm UTC](https://www.mineralrightsforum.com/t/primary-term-and-rental-oil-and-gas-lease/59602 "2020-11-18T20:58:50Z")
**Posts on this page:** 3
**Page:** 1

<div class="post-metadata">

### Author: ![Patrick](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/b2d939/32.png) [@Patrick](https://www.mineralrightsforum.com/u/Patrick)
#### Post date: [November 18, 2020, 8:58pm UTC](https://www.mineralrightsforum.com/t/primary-term-and-rental-oil-and-gas-lease/59602/1 "2020-11-18T20:58:50Z")

</div>

A grants B a 5-year, paid-up lease dated February 24, 1995, covering an area of 40 acres. The effective date is March 11, 1996. The lease was recorded June 20, 1996. B paid $60 per acre.

1 - What is the primary term? From XXX to XXXX

2 - When is the first rental due?

3 - What bonus was paid?

---

<div class="post-metadata">

### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [November 19, 2020, 12:29am UTC](https://www.mineralrightsforum.com/t/primary-term-and-rental-oil-and-gas-lease/59602/2 "2020-11-19T00:29:12Z")

</div>

The answer has already been posted in another place.

---

<div class="post-metadata">

### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [February 16, 2021, 8:59pm UTC](https://www.mineralrightsforum.com/t/primary-term-and-rental-oil-and-gas-lease/59602/3 "2021-02-16T20:59:41Z")

</div>

This topic was automatically closed after 90 days. New replies are no longer allowed.