# Section 6, T18N-R12W

**URL:** https://www.mineralrightsforum.com/t/section-6-t18n-r12w/4106
**Category:** Blaine County, OK
**Created:** [October 25, 2016, 3:43am UTC](https://www.mineralrightsforum.com/t/section-6-t18n-r12w/4106 "2016-10-25T03:43:59Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![David\_Buckley](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/david_buckley/32/17135_2.png) [@David\_Buckley](https://www.mineralrightsforum.com/u/David_Buckley)
#### Post date: [October 25, 2016, 3:43am UTC](https://www.mineralrightsforum.com/t/section-6-t18n-r12w/4106/1 "2016-10-25T03:43:59Z")

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I am new to mineral rights. We have obtained rights through an inheritance. We have received an offer for a lease and we have no idea where to turn to get educated on this process. I thought I would start with this forum.

Tributary Resources have offered us $1,500 per acre (22.472 net mineral acres).

Part of this agreement states, “payable as 10% of the bonus amount upon signing of the Agreement and 90% balance payable within 30 days of the release of the existing Oil and Gas Lease or filing of a Form 1003 plugging report, whichever comes first.” I don’t know what this means.

It is stated that this agreement is good for two years and the Oil and Gas Lease, subject to the terms of the Agreement, allows for a three-year primary term and 1/5th royalty.

Finally, they are also offering a lease bonus of $1,750 per acre for a three-year primary term and 3/16ths royalty payable as described above.

This is all confusing to me. Please advise!!

Thanks!

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### Author: ![Tim\_West](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/c4cdca/32.png) [@Tim\_West](https://www.mineralrightsforum.com/u/Tim_West)
#### Post date: [October 25, 2016, 4:34am UTC](https://www.mineralrightsforum.com/t/section-6-t18n-r12w/4106/2 "2016-10-25T04:34:45Z")

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Please friend me and I can help.

Thanks

Tim

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### Author: ![Miles\_Casey](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/miles_casey/32/9636_2.png) [@Miles\_Casey](https://www.mineralrightsforum.com/u/Miles_Casey)
#### Post date: [October 26, 2016, 3:56am UTC](https://www.mineralrightsforum.com/t/section-6-t18n-r12w/4106/3 "2016-10-26T03:56:59Z")

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You can send me an email @ and I’ll be able to help answer any questions you might have.

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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: [August 14, 2018, 10:58pm UTC](https://www.mineralrightsforum.com/t/section-6-t18n-r12w/4106/4 "2018-08-14T22:58:03Z")

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