Thanks for your reply and the info you shared! Good to know!
Unfortunately CRDTX is lowballing us and wanting essentially an 8 year lease for that small fee. It’s a no go for me. They can cough up another $125 (totalling at least $200 bonus) and up the royalty payment north of 10%) or move along.
Welcome to the forum and thank you for the information!
I’m a novice at this, so the more I understand, the more confident I feel negotiating with these companies.
I appreciate your comment so much! Thank you!
Hello,
I found this forum because my dad has just been offered a lease from CRDTX. We are completely new to this and I want to make sure he’s not being cheated. He owns 2.06 net mineral acres of 197.32 acres shared with various family members in Dexter (Cooke County), as the mineral rights have been passed down through several generations.
CRDTX is offering:
-5 year paid up lease with 3 year renewal
-10% royalty
-$75 per net mineral acre bonus
From what I’m reading on this site, it sounds low. However, my dad only has 2 acres. So would this offer make sense, since he only has 2 mineral acres?
Thanks in advance for any advice! My mother has dementia and some “mailbox money” would definitely help! 
That’s CRDTX standard first offer it seems lately. They will negotiate with you though. Email them a counter.
Do you have any ideas where to start with the counter offer? From what I’ve read, higher royalty would be the way to go since we are fairly certain there is oil. Thank you!
You should get a 20% royalty out of them. i wouldnt lease for anything less. Bonus money is negligible at that amount of net acres so just focus on the 20%
You said you know there is oil there. Have previous leases for that property produced that you are aware of? If so then the royalty percentage is what you would focus on. If not, then get as much of a bonus as you can.
Court
Along with the other suggestions you’ve gotten on what you might include in a counter offer, if there are a bunch of other family members who own interest in that same tract and may also be looking at lease offers, I’d try to contact as many of them as possible and suggest that you all negotiate as a group.
Not everyone you talk to will be interested in doing that, or agree on the lease terms they’d accept, but the more net mineral acres you can pull together in a negotiating block the more leverage everyone in that group will have in improving their lease terms.
I got an offer from CRDTX on some property I inherited from my father. I believe we own in several tracts in the area for a total of 37.42 acres, and I am wanting to confirm my ownership. Are there and local landman who could assist myself and some of the other owners here? -Richard
Please contact me at the email address on the attached photo. - Richard
Another thing u could do is specify that they must drill within 6 months. Or it’s 20%. I see too many leasing and then drilling takes forever if ever
Six months is not a reasonable time in many areas, so that is an oversimplification. The lease tells the time frame allowed in which to drill. Three years, five years, etc. It takes quite a bit of effort on the operator’s side to work up the prospect, get everything leased, file all of the regulatory permits, contract a rig, etc.
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