The lease bonus’s and royalty rates everyone has been mentioning in here sound quite low, $750/ac and 20%. The lease bonus should certainly be over $1000 and the royalty should be at least 22.5% or 25%. We are currently buying royalties in this area for $8500/nRa and in some cases up to $14-15k/nRa. We don’t use this method of calculating what royalties are worth, but if you just use 5x the lease bonus, lease bonus’s should be in the $2000/nMa and royalty rates should be as close to 25% as possible. Just my two cents.
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