# Received Lease Offer in 05-05N-01W
**URL:** https://www.mineralrightsforum.com/t/received-lease-offer-in-05-05n-01w/28396
**Category:** McClain County, OK
**Created:** [June 23, 2018, 4:01am UTC](https://www.mineralrightsforum.com/t/received-lease-offer-in-05-05n-01w/28396 "2018-06-23T04:01:44Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@chasw495](https://www.mineralrightsforum.com/u/chasw495)
#### Post date: [June 23, 2018, 4:01am UTC](https://www.mineralrightsforum.com/t/received-lease-offer-in-05-05n-01w/28396/1 "2018-06-23T04:01:45Z")
We have been offered: Bonus consideration equal to $500 per net mineral acre - 3 year primary term and 3/16 royalty in the 05-05N-01W area by RedSky Land LLC. Is this a decent offer? It sounded kind of low compared to some of the others in the area.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [June 26, 2018, 9:54pm UTC](https://www.mineralrightsforum.com/t/received-lease-offer-in-05-05n-01w/28396/2 "2018-06-26T21:54:18Z")
That is in the ball park for the area. That section is under a revised pooling order that lasts until Dec 14, 2018. Were you previously pooled? The original pooling in 2016 was $200 3/16 and has been extended twice. The new offer sounds good, but you may be held by a previous order. Check your paperwork and any notices from the OCC. If you have not gotten any or just inherited, private reply to me and I can point you in the right direction.
---
### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:04pm UTC](https://www.mineralrightsforum.com/t/received-lease-offer-in-05-05n-01w/28396/3 "2025-01-11T18:04:19Z")