Length of Lease
Are most of the bonus payments I've seen generally paid on the basis of a three year lease? Is there any advantages to a shorter or longer period of lease?
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Permalink Reply by Gone Fishin on
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Generally they are going to want a 3 year lease. either delete the option or ask for and option payment of equal to the original lease. should be at least 25% royaly but you could ask for more. do yourself a big favor and have your own lease drawn up. if not you will loose thousands of dollars in royalty due to well costs etc.
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