Sweet!!!! I think I wish I was in Revves county.
Thanks for the input!!!
Chris Wilson said:
It's a good start. Shoot for .275 royalty, and $1000.00 an acre, that is being paid in Revves county texas. Also get informed, contact your neighbors and see if you guys can team up, We did that in Fort Worth, and Cheasepeke paid $15,000 per acre and .275 royalty, for narural gas. I saw article in Star-telegram that they oil cos, were paying up to $10,000 per acre, in west trxas, long run you want bigger royalty %. On 7net minerial acres I have in Parker county, I'm getting $400 a month, now in its second year of production off two wells.
Go slow, get informed on your area, watch out the snake oil salesman, Land men, don't work in your best interests, but those of the company they work for. If your acreage is significant, hire a attorney, I have been collecting royalty's from wells that have been pumping since 1923, do you want the most you can get?
Sincerely,
Chris