# Relinquish Act Lease Form

**URL:** https://www.mineralrightsforum.com/t/relinquish-act-lease-form/72042
**Category:** Reeves County, TX
**Created:** [August 22, 2023, 5:06pm UTC](https://www.mineralrightsforum.com/t/relinquish-act-lease-form/72042 "2023-08-22T17:06:57Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Steve\_Hope](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/steve_hope/32/12415_2.png) [@Steve\_Hope](https://www.mineralrightsforum.com/u/Steve_Hope)
#### Post date: [August 22, 2023, 5:06pm UTC](https://www.mineralrightsforum.com/t/relinquish-act-lease-form/72042/1 "2023-08-22T17:06:57Z")

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Received a letter today offering to lease 1.06 NRA in Reeves County, Block 56, Section 34, T&P RR Co Survey, Section 34.

Key points in the 1-page letter are:

1. Bonus $7,500 per acre (total $7,986.11)
2. Royalty 25%
3. General Land Office Relinquishment Act Lease Form.

Questions I have:

Is this a fair offer?

I am not familiar with No. 3, the General Land Office Relinquishment Act Lease Form. What does this form cover?

Also, I know the devil is in the details. There is no actual lease included in the offer letter. Would that form (the lease) be provided once I reply to the offer?

Thanks.

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### Author: ![TennisDaze](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/dbc845/32.png) [@TennisDaze](https://www.mineralrightsforum.com/u/TennisDaze)
#### Post date: [August 22, 2023, 6:24pm UTC](https://www.mineralrightsforum.com/t/relinquish-act-lease-form/72042/2 "2023-08-22T18:24:22Z")

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You own surface and State of Texas owns the minerals. You lease as agent of the State, using the Relinquishment Act Lease Form which is found on the Texas General Land Office website at [Leasing | Texas General Land Office](https://www.glo.texas.gov/energy-business/oil-gas/mineral-leasing/leasing/index.html). You receive half of bonus and royalties and State receives other half. State has ultimate say on whether the bonus is acceptable and is always pleased if the money increases. Contact Deborah Cantu whose info is here - [GLO Agency Directory | Texas General Land Office](https://www.glo.texas.gov/energy-business/contacts/oil-gas/index.html).

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [November 20, 2023, 5:07pm UTC](https://www.mineralrightsforum.com/t/relinquish-act-lease-form/72042/3 "2023-11-20T17:07:05Z")

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