2 year option?

If you sign a standard 3year/2year option lease are you due another bonus at the end of the 3 years. If so doses this also apply if you are receiving royalties at that point? Also, should the lease amount be included in the lease? I have seen leases that showed release amount for $1 per acre and was told that is standard procedure as the leases become public record after they are filed. I currently have been working on signing a lease on 18 acres in Bienville parish with a bonus of $12k per acre. However, the landman has lost my paperwork twice.

Views: 42

▶ Reply to This

Replies to This Discussion

Permalink Reply by barry stansbury on October 4, 2008 at 9:20
My question is; do you get paid again for extension?
Permalink Reply by Two Dogs, Pirate on October 4, 2008 at 10:22
You get paid for the extension. Be careful of the wording I saw a lease where the people had been paid a bonus of $500 per acre but the extension would be executed by payment of $500. It didn't say per acre.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Haynesville Fairway could support drilling into the 2050s?

Haynesville Fairway could support drilling into the 2050s?
2 GoHaynesvilleShale.com Email Advised Me Erica Woodward Wrote On My Profile Again About Privately Contacting Me

GoHaynesvilleShale.com Email Advised Me Erica Woodward Wrote On My Profile Again About Privately Contacting Me
3 What is the meaning of a Unit Well?

What is the meaning of a Unit Well?
4 Site Not Loading Fully?

Site Not Loading Fully?
5 BPX hits it out of the park with 3 Bossier Parish CULs

BPX hits it out of the park with 3 Bossier Parish CULs
6 "Rebalancing Volumes"

"Rebalancing Volumes"
7 Chevron acquires Smackover Brine Leases in AR and E TX

Chevron acquires Smackover Brine Leases in AR and E TX

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

Continue

Posted by Char on May 29, 2025 at 14:42

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service