Bexar County, Texas oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
My great grandfather had 700 acres in A-13, Ignacio Perez Survey No. 15. I see a division order where he had a 16% royalty, leading me to believe he had 100% of the minerals.
In looking at the GIS map viewer, it looks like a ton of shallow wells in the northwest portion of this abstract with almost nothing in the rest of this survey.
Based on shallow wells, what is market rate for a three-year, 25% cost-free royalty lease with respect to bonus?
There was some interest in trying horizontals on the Austin Chalk boundaries in SE Bexar County and heading SE. If it is really for shallow wells, bonus will be pretty low, and you may have trouble getting 25%.
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