Understanding Your Mineral Lease
Simple answers to common questions about leasing your oil and gas rights in Oklahoma City.
What is a Mineral Lease?
A mineral lease means you let a company drill on your land for oil and gas. You still own the minerals. The company pays you a bonus payment upfront. If they find oil or gas, you also earn royalty money from what they produce.
The Leasing Process - Step by Step
Step 1
We find your mineral ownership records.
Step 2
We make you a fair written offer.
Step 3
You review the lease with your attorney.
Step 4
We sign the lease and pay your bonus (example: $100 per acre).
Step 5
Drilling begins and your royalty checks start (example: 1/8th = 12.5%).
Key Lease Terms Explained
Bonus Payment
A one-time cash payment made to you upfront for signing the lease. (Example: $100 per acre)
Royalty Rate
The share of revenue you receive from oil and gas produced on your land. (Example: 1/8 = 12.5% royalty)
Primary Term
The initial time frame the company has to start drilling on your land, usually lasting 3 to 5 years.
Held by Production
A rule that keeps your lease active as long as the company is still producing oil or gas from your land.
Surface Rights
Your right to use the top layer of your land. You keep these rights unless you agree to share them in writing.
Pooling
Combining multiple small areas of land into one larger unit to make drilling more efficient and fair for everyone.
Why Lease with MWC Resources?
Local OKC experts
We live here and know the Oklahoma City mineral market.
Competitive rates
We work hard to get you the most value for your land.
Clear terms
Our leases are written in plain language you can trust.
Guided process
We walk you through every step of leasing your minerals.