Looking for current market rates for bonus and royalty for a three year lease term where my family holds approximately 7.5% of 2,000 acres.
In terms of royalty, you should be able to get 25% as that is the general market in the area. Bonus depends more on your location and what activity there is around you, plus if you are able to get more than one company interested in your acreage. Do you know if any of the other 92.5% has been leased? Do you have the right to lease your 7.5%?
Area with many different and small owners, wherein I doubt they know each other. Some owners can not be found. this is an area known as the "Bermuda Colony."
Have no idea how much of the 92.5% owned by others has been leased.
Hi William -
I am a Landman. If you will send me your property's legal description I will see what I can find out for you.
Charles