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- winnie
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- 71227
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- Lower Smackover Brown Dense
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Posted by don burkett on September 17, 2026 at 10:08
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Oil & Gas ProMr Abraham Akim said…
Good Day,
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very to you, but I found it difficult to express myself here, since vital to disclose it's a public site.Could you please get back to me on:(abrahamakim@outlook.com ) for the full details.
Have a wonderful day
Thanks God bless.
Mr.Abraham
landownerC. Ramsey said…
What company or land man offered you the $1500 per acre?
landownerC. Ramsey said…
If there are no dollar amounts on the contract, do not sign. Also, the difference between the first 3 year amount and 2 year extension should be the same. If not, I wouldn't sign.
Who offered the 1500 an acre?
Oil & Gas ProSkip Peel - Mineral Consultant said…
winnie, the bonus paid whatever the amount never appears on a lease form. It will be stated on the cover letter you get with the lease. Do not execute the lease until you have the check. The extension bonus, in your case $250, should appear on the lease however it is usually not in the body of the lease it is contained in the Exhibit A page or pages in a separate paragraph that defines how the lease may be extended beyond the 3 year primary term. I'm not an accountant so I don't comment on how payment affects anything else. The bonus will be taxed as "regular" income.