# What is a fair offer on a 3 year lease with a 2 year option on 19 NMA in Sec.4-7N-8W in Grady County?
**URL:** https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720
**Category:** Grady County, OK
**Created:** [May 31, 2017, 4:01pm UTC](https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720 "2017-05-31T16:01:55Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@John\_Brumbaugh](https://www.mineralrightsforum.com/u/John_Brumbaugh)
#### Post date: [May 31, 2017, 4:01pm UTC](https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720/1 "2017-05-31T16:01:55Z")
The offer is $1750/ac for 3 years, 3/16 royalty with a 2 year option, or $1400/ac, 1/5 royalty for 3 years with a 2 year option. I am an out of state rookie, who would appreciate all the help he can get, particularly with respect to information re what is going on in our area. Thanks jack
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### Author:  [@Gary\_L\_Hutchinson](https://www.mineralrightsforum.com/u/Gary_L_Hutchinson)
#### Post date: [May 31, 2017, 8:11pm UTC](https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720/2 "2017-05-31T20:11:17Z")
Jack,
In Section 4, the lessee/operator is most important. I’d grant a 5 year lease to an experienced operator and take the money up front and at least 1/5 with a pro landowner lease adaptable to horizontal drilling provisions and take payment before rendering lease and limit lease to acreage asked for. If you can risk the money, get a CPL evaluation of the net mineral acres but don’t be in a rush to lease. The play will get to you eventually.
Gary L Hutchinson
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [June 1, 2017, 12:52am UTC](https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720/3 "2017-06-01T00:52:46Z")
Hutch,
Great advice.
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### Author:  [@John\_Brumbaugh](https://www.mineralrightsforum.com/u/John_Brumbaugh)
#### Post date: [June 1, 2017, 1:46am UTC](https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720/4 "2017-06-01T01:46:14Z")
Many thanks, Gary Hutchinson.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:27pm UTC](https://www.mineralrightsforum.com/t/what-is-a-fair-offer-on-a-3-year-lease-with-a-2-year-option-on-19-nma-in-sec-4-7n-8w-in-grady-county/2720/5 "2018-08-14T22:27:02Z")