I negotiated the identical leases for family members in 26-15N-25W and 28-14N-24W with Upland Exploration, which is very active in Roger Mills county now, for $1850 and 1/5th with a good Exhibit A. Upland’s Exploration’s leasing agency was Jenkins Energy Partners. You may access the leases by googling “Roger Mills County Clerk search” although viewing the leases 'themselves requires you to get a $10 account with okcountyrecords.org. Or you can visit the county courthouse for free and take photos. Overall, I was pleased with Upland/Jenkins although I initially was very displeased when they included a document outside of the lease which gave them the option of not executing the lease for 60 business days. I got that paragraph struck but family members had to wait 45 business days (9 weeks) to receive their bonus checks.
I was contacted by Jenkins representing Upland regarding my property in Roger Mills 33-13N-24W. Current offers are: $1,000.00 per net mineral acre bonus consideration, for a three (3) year term oil and gas lease providing for a 3/16th royalty
$750.00 per net mineral acre bonus consideration, for a three (3) year term oil and gas lease providing for a 1/5th royalty
It was the first offer, so not biting anytime soon. Did you get an offer with 1/5 or 1/4 royalty?
I usually take the highest royalty and not worry about the bonus money.
You signed something before you leased that dealt with the closing date. Not to be rude, but if youre now upset with the timing upon being paid, you should have negotiated that beofre you signed
He stated he was initially displeased.