We have been approached about leasing our mineral rights. We don’t have surface rights. The company making the offer is EOG. Any thoughts?
Do your homework and research the current bonus/acre rates in that area. One of the best ways to obtain this information is contacting others who have recently leased in the area. Be sure to pay close attention to the details of the lease in regards to the % royalty, length of lease and "pugh clauses". You can utilize posts on this forum to educate yourself on lease contents. EOG Resources is a solid company but don't settle for the first offer they approach you with as these landmen have a ceiling price and terms they can negotiate. Good luck!!