Top-leasing in Alfalfa County

Cheryl Stahl · 2018-10-16T03:32:15Z

We have received an offer to top lease on land out of production for over 4 years that has never been released by the former company, Sandridge. We are not familiar with top leasing at all. A company out of Edmond, Oklahoma has sent a lease with recitals. Evidently they will handle getting the release on the minerals and then market the lease to a third-party purchaser. They also want some reimbursement for marketing the royalties. Is this standard for a top-lease? It makes me nervous to sign the lease agreement to them without any idea of how much we would receive per acre or how much we might wind up paying to get the lease marketed. The terms of the lease seem to be in order otherwise. We do want to get the minerals released and have no idea how expensive that might be. Is this offer standard for a top-lease or is it out of line?

Oklahoma Mineral Rights Alfalfa County, OK

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