I have approximately 10 mineral acres in Burleson County A-259. I know there have been several wells recently drilled just off hwy 60 between Somerville and Snook. I have been offered 800 bonus and 3/16 royalty. Both seem kind of low to me. Anyone know what the going rate is in this area? Thanks for your time!
Good morning Mr. Patrick,
After checking the GIS Map of your area I see at least 8 Horizontal wells wells that have been approved and are waiting to be drilled just to the North and Northwest of your A-259. Also some Horizontal gas wells in the area that were drilled back in 1993 and 1996. From what I see I would say to double the amount of bonus money that you have been offered and the royalty should be at 20 to 25%.
On this GIS Map that I am displaying the blue circles at the end of the lateral of the wells means that the well is permitted but has not been drilled. With the new Liquid Natural Gas Terminals being built on the Gulf Costs of Texas and Louisiana the price of Natural Gas is bound to increase in the future. Good luck with your 10 acres.
GIS Map of Burleson County A-259 and surrounding area:
Clint Liles
Thanks for the information! I hope to get a lease negotiated out this month. Also, if anyone has signed a lease in this area recently, please post the royalty and bonus you received.