# Section 19, 8N, 8W **URL:** https://www.mineralrightsforum.com/t/section-19-8n-8w/2346 **Category:** Grady County, OK **Created:** [July 30, 2017, 5:19pm UTC](https://www.mineralrightsforum.com/t/section-19-8n-8w/2346 "2017-07-30T17:19:52Z") **Posts on this page:** 4 **Page:** 1
### Author: ![Mark\_G\_Smith](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/7ea924/32.png) [@Mark\_G\_Smith](https://www.mineralrightsforum.com/u/Mark_G_Smith) #### Post date: [July 30, 2017, 5:19pm UTC](https://www.mineralrightsforum.com/t/section-19-8n-8w/2346/1 "2017-07-30T17:19:52Z")
Recent lease offers have varied significantly - right now family members are wanting to lease at 2,150, 1/5, but with a 2 year extension at 150%, but they want an answer right away. Interest is not as active as a few months ago, but there is another co interested at 1,750 with no extension. Everything I hear is to never do an extension - any comments, suggestions, etc? Thanks ---
### Author: ![Bud](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/b/bcef8e/32.png) [@Bud](https://www.mineralrightsforum.com/u/Bud) #### Post date: [July 30, 2017, 7:07pm UTC](https://www.mineralrightsforum.com/t/section-19-8n-8w/2346/2 "2017-07-30T19:07:09Z")
Never do an extension!!! Also no deductions, 1 year shutin cumulative, but I don’t even discuss these contract items until the bonus/royalty amounts are settled. Once the price is set – give them your Exhibit A to take or leave — ---
### Author: ![Rudy\_Ramsey](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/rudy_ramsey/32/557_2.png) [@Rudy\_Ramsey](https://www.mineralrightsforum.com/u/Rudy_Ramsey) #### Post date: [July 30, 2017, 11:27pm UTC](https://www.mineralrightsforum.com/t/section-19-8n-8w/2346/3 "2017-07-30T23:27:25Z")
We use what you already indicated. Two year extension only if 150%. We also require a filing of record. They generally decide not to do an extension when we request the higher bonus, which is also fine. I think what we’re trying to defend ourselves against is missing large increases in prevailing lease bonuses. Either policy seems fine to me, and that was the recommendation of our oil & gas attorney a few years ago, as well. YMMV. ---
### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system) #### Post date: [August 14, 2018, 10:20pm UTC](https://www.mineralrightsforum.com/t/section-19-8n-8w/2346/4 "2018-08-14T22:20:47Z")