# Weld County 2016 lease terms
**URL:** https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313
**Category:** Weld County, CO
**Created:** [April 4, 2016, 3:00pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313 "2016-04-04T15:00:19Z")
**Posts on this page:** 11
**Page:** 1
### Author:  [@anon29755035](https://www.mineralrightsforum.com/u/anon29755035)
#### Post date: [April 4, 2016, 3:00pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/1 "2016-04-04T15:00:19Z")
We are negotiating a lease in 7 N 60 W. We have been offered $125/acre, 1/6% and 4/4. No premium on renewal. Are these the going rates? Can we expect to do any better?
Thank you!
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### Author:  [@Thomas\_R\_Reed](https://www.mineralrightsforum.com/u/Thomas_R_Reed)
#### Post date: [April 4, 2016, 5:02pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/2 "2016-04-04T17:02:57Z")
Hi Susie,
Rates are very low with oil in the $30’s. A year and a half ago you could have gotten over $1,000 per acre and 1/5th (we did). If you’re willing to wait for oil to pop back up a bit, the rates will go up, though probably not to the pre-drop levels. Everyone has an opinion on where prices will be at the end of 2016, but there seems to be some consensus that we’ll head back towards $50, at which point you’ll be able to better negotiate.
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### Author:  [@Jay\_Lake](https://www.mineralrightsforum.com/u/Jay_Lake)
#### Post date: [April 4, 2016, 5:05pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/3 "2016-04-04T17:05:02Z")
Susie, I recently negotiated a $500 bonus with 18% Royalty for a 3 year term in 6N 61W for a 40 acre net mineral lease. Try for better terms. All they can do is say no but you’re in the driver’s seat while they are still calling you.
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### Author:  [@Tim\_Brough](https://www.mineralrightsforum.com/u/Tim_Brough)
#### Post date: [April 4, 2016, 7:33pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/4 "2016-04-04T19:33:37Z")
Susie, 18 months ago as rates were falling we signed at $500/ac with 18% for 3 years with a three extension and same bonus amount. We are 7N 67W so maybe you can do better, or maybe you should wait. Either way I make the best decision I can, based on what I know today and don’t look back, the “I should have” thoughts will drive you crazy.
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### Author:  [@anon29755035](https://www.mineralrightsforum.com/u/anon29755035)
#### Post date: [April 5, 2016, 1:02am UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/5 "2016-04-05T01:02:15Z")
Wow. Thanks so much. Who is your lease with?
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### Author:  [@anon29755035](https://www.mineralrightsforum.com/u/anon29755035)
#### Post date: [April 5, 2016, 1:57am UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/6 "2016-04-05T01:57:10Z")
Thanks, Tim. I believe you are in an area with better production, just west of us. I appreciate and agree with your advice on ‘don’t look back.’ We signed 6 years ago before rates went up 10X. I didn’t regret signing. Still not sure what to do here, though it looks like we should be able to get more.
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### Author:  [@anon29755035](https://www.mineralrightsforum.com/u/anon29755035)
#### Post date: [April 5, 2016, 1:57am UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/7 "2016-04-05T01:57:38Z")
Thanks, Thomas.
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### Author:  [@anon29755035](https://www.mineralrightsforum.com/u/anon29755035)
#### Post date: [April 5, 2016, 4:45pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/8 "2016-04-05T16:45:50Z")
That’s Weld County Colorado. Family owns 100% of 480 acres.
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### Author:  [@Isis](https://www.mineralrightsforum.com/u/Isis)
#### Post date: [April 9, 2016, 8:57am UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/9 "2016-04-09T08:57:13Z")
You guys are lucky. My family signed a lease for 320 acres in Weld County, Colorado, back in 1970 back when they didn’t offer bonuses and 1/8 was as good as you could get. Something important to consider though is the language in your lease. It might allow for the deduction of post-production costs which can add up significantly. If your lease is silent on the topic and doesn’t make any reference to transportation, gathering, or expenses you might be okay but it’s still a good idea to run it past an oil and gas attorney before signing anything.
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### Author:  [@jay\_bates](https://www.mineralrightsforum.com/u/jay_bates)
#### Post date: [April 22, 2016, 6:37pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/10 "2016-04-22T18:37:15Z")
I am in the process of negotiating a lease at 7N 66W. We are offered $450/mineral acre, 18.75%, and five years. There seems to be some hangups about pooling acreage and whether as only mineral owners we have any need for protection from damages and claims etc. by or against the lessee. Any advice would be helpful. We do have a lawyer.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:16pm UTC](https://www.mineralrightsforum.com/t/weld-county-2016-lease-terms/5313/11 "2018-08-14T23:16:37Z")