# Option to Extend Primary Term in Oklahoma Oil and Gas Leases > One of the most common provisions an oil company landman will try to negotiate is an option for the oil company to extend the primary term of … Source: https://www.berlinroyalties.com/oil-scout/option-to-extend-primary-term-in-oklahoma-oil-and-gas-leases/ Publisher: Berlin Royalties, a veteran-owned oil and gas mineral and royalty buyer in Tulsa, Oklahoma, buying for its own account since 2014. Call or text 918-984-1645. License: free to quote and cite with attribution to Berlin Royalties and a link to the source URL. ## Option to Extend Primary Term in Oklahoma Oil and Gas Leases By **Stephen Clayman** · July 20, 2015 Oklahoma Mineral Rights Owners, One of the most common provisions an oil company landman will try to negotiate is an option for the oil company to extend the primary term of the lease. For most oil and gas leases in Oklahoma, the primary term of the lease is three years. The landman will ask for an option to extend the primary term of the lease for two years. This oil and gas lease is sometimes referred to as a 3 + 2 lease. While a 3 + 2 oil and gas lease is more favorable to the Oklahoma mineral rights owner than a oil and gas lease with a 5 year primary term, it is still worth the mineral owner's time to try to negotiate it out of the oil and gas lease and here's why: - If the area turns into the next SCOOP (South Central Oklahoma Oil Province...thanks Harold Hamm...) then the bonus amounts per acre will increase substantially and the Oklahoma mineral rights owner will most likely be locked into a reduced bonus amount that was negotiated several years prior. - If the area turns out to be a bust (think Mississippi Lime...) then the oil company would let the option expire and if they were going to re-lease, would negotiate a lower bonus amount. This leaves the Oklahoma mineral rights owner in no better shape than if they didn't have an option. If a landman won't strike the option, request that the option to extend be priced at 125%-150% of the current lease bonus. Most will hem and haw, but will usually concede that point. More to follow. BR ### Thinking about selling your minerals? Berlin Royalties buys Oklahoma minerals and royalties, and we show you the work behind every offer. Free, no obligation, and if keeping them is the right answer we will tell you that too. [Get a Free Valuation](https://www.berlinroyalties.com/free-valuation/) or call or text **[918-984-1645](tel:9189841645)** More From The Oil Scout [July 26, 2015 ### Shut In Royalty Payments Most oil and gas leases contain what is commonly known as a shut-in royalty clause. The clause developed over the years to mitigate the harsh…](https://www.berlinroyalties.com/oil-scout/shut-in-royalty-payments/) [August 8, 2022 ### Why are Churches Selling Their Minerals? Berlin is back (she hopes). After a long hiatus, it is time to shake off the cobwebs and start writing again.](https://www.berlinroyalties.com/oil-scout/why-are-churches-selling-their-minerals/) [May 28, 2015 ### Oklahoma's Surface Damage Act What is the Oklahoma Surface Damage Act? The Surface Damage Act requires oil companies to negotiate in good faith with landowners to determine…](https://www.berlinroyalties.com/oil-scout/oklahoma-s-surface-damage-act/) [May 17, 2015 ### Section, Township and Range in Oklahoma: How to Read a Legal Description How section, township and range work in Oklahoma, how to read the legal description on your deed or division order, and where to see your section on an interactive map.](https://www.berlinroyalties.com/oil-scout/the-public-land-survey-system-plss-in-oklahoma/)