# Received an oil lease offer **URL:** https://www.mineralrightsforum.com/t/received-an-oil-lease-offer/45304 **Category:** Angelina County, TX **Created:** [April 30, 2019, 9:37pm UTC](https://www.mineralrightsforum.com/t/received-an-oil-lease-offer/45304 "2019-04-30T21:37:33Z") **Posts on this page:** 4 **Page:** 1
### Author: ![SteveD62](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/dc4da7/32.png) [@SteveD62](https://www.mineralrightsforum.com/u/SteveD62) #### Post date: [April 30, 2019, 9:37pm UTC](https://www.mineralrightsforum.com/t/received-an-oil-lease-offer/45304/1 "2019-04-30T21:37:33Z")
Hello! New here to all of this. Inherited a total of 3.046 acres in the Eunice Butler Survey A-119 and Joseph Sweeding Survey A-581. BP just offered: Lease bonus: 761.00 5 year term 250.09 per acre 3/16 royalty This seems low—am I wrong? Thanks for any help! ---
### Author: ![Buddy\_Cotten](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/buddy_cotten/32/5079_2.png) [@Buddy\_Cotten](https://www.mineralrightsforum.com/u/Buddy_Cotten) #### Post date: [May 1, 2019, 3:28pm UTC](https://www.mineralrightsforum.com/t/received-an-oil-lease-offer/45304/2 "2019-05-01T15:28:23Z")
Yes Steve, it does seem modest. Buddy Cotten ---
### Author: ![SteveD62](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/dc4da7/32.png) [@SteveD62](https://www.mineralrightsforum.com/u/SteveD62) #### Post date: [May 1, 2019, 9:35pm UTC](https://www.mineralrightsforum.com/t/received-an-oil-lease-offer/45304/4 "2019-05-01T21:35:16Z")
So, I ended up at 500/acre and 1/5. ---
### Author: ![Forum\_Administrator](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/forum_administrator/32/24177_2.png) [@Forum\_Administrator](https://www.mineralrightsforum.com/u/Forum_Administrator) #### Post date: [January 9, 2025, 3:33pm UTC](https://www.mineralrightsforum.com/t/received-an-oil-lease-offer/45304/5 "2025-01-09T15:33:21Z")