Lease offers, well proposals, pooling applications, and pooling orders all carry real deadlines. Send us what is on the table and we will tell you, fast, whether we can beat it or whether you should take it.
The paperwork that shows up before a well gets drilled is the only paperwork with a statutory or contractual timer on it. A pooling order in Oklahoma gives you 20 days from issuance to elect. A well proposal typically asks for an election within 30 days. Lease offers and purchase offers expire on whatever date the landman wrote on them. Miss the deadline and you do not get a worse version of the deal, you get the default: usually the lowest royalty and someone else's choice.
The same clock is your leverage. The days before you sign are the one window where every buyer and lessee has to compete for you. After you sign, nobody has to compete for anything.
Often, yes. Offers arrive at the sender's opening number, not their best one, and an operator's lease offer prices your minerals for their convenience, not your value. The only way to know is to put the offer in front of a competing buyer before the deadline. That is exactly what this page is for, and it costs nothing. If the offer in your hand is the best one available, we will tell you that in writing, and you should take it.
First, note the deadline on the document. Second, understand your options before electing: our free pooling election calculator compares every bonus and royalty option against the cost of participating. Third, find out what the interest is worth outright, because a pending well often makes minerals more valuable to sell than to hold through an election you do not want to deal with. We wrote a plain-English walkthrough in I Got a Pooling Order, Now What?
A lease offer means an operator wants your section. Before signing, check the royalty fraction against what the same operator is paying nearby, read for post-production deduction language, and find out what a buyer would pay for the minerals outright. Sometimes leasing is the right call and we will say so. But a lease locks you in for years; a second number takes a day. For the fastest route, text a photo of the letter through our free lease offer check.
Fill in what you know. The offer amount and a way to reach you are enough to start; the rest speeds us up. You will hear back the same business day whenever the clock is short.
On a pooling order, you are deemed to have taken the default election, usually the highest bonus and lowest royalty, chosen for you. On a well proposal, you typically go to the pooling process next. On a lease or purchase offer, the number simply disappears, and the next offer is not obliged to match it. None of these are catastrophes, but all of them are decisions made by the calendar instead of by you.
Fair question. Because a written competing number is the only honest test of the one in your hand. We either beat the offer, in writing, with the valuation shown, or we tell you the offer is good and you sign it with confidence instead of doubt. Either way you walk away knowing, and the whole exercise costs you one phone call or one form.
Call or text 918-984-1645 with the paperwork in front of you and you will get Stephen, the owner. If we miss you, we text back the same day.
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