Gas Leases around Buffalo, TX

Texas Mineral Rights Freestone County, TX
1

I have a landman wanting to lease the minerals I own. It’s a small track about 85 acres that is located about 5 miles northwest of Buffalo. I’m interested in learning what the going bonus rate per acre is in the area for gas.

2

Thanks for the offer, but I’m holding on to all my minerals.

Patrick Palmer said:

Gena,

If you still have and want to sale your mineral right please call 713.992.2828...thank you.

3

Thanks for the response Gena…Have you leased the tract yet?

4

Yes, I have everything leased right now.

Patrick Palmer said:

Thanks for the response Gena...Have you leased the tract yet?
5

Would you mind telling me what the rate was for your lease. We have some acreage in Freestone County that an oil and gas company is wanting to lease. Thanks

6

I received $500/acre, 1/5 royalty for 3 years with option to extend for same price for 2 years. I leased with San Luis Energy out of Houston. My tract is only 84 acres.

joe david burleson, sr. said:

Would you mind telling me what the rate was for your lease. We have some acreage in Freestone County that an oil and gas company is wanting to lease. Thanks

7

Thank you so much for the reply. This is new to me and I'm trying to gather information and make an intelligent decision. Thanks again.

Gena Turner said:

I received $500/acre, 1/5 royalty for 3 years with option to extend for same price for 2 years. I leased with San Luis Energy out of Houston. My tract is only 84 acres.

joe david burleson, sr. said:

Would you mind telling me what the rate was for your lease. We have some acreage in Freestone County that an oil and gas company is wanting to lease. Thanks

8

I also have mineral rights in Freestone County and have been approached by a landman offering $250.00 an acre adn 20% on production. I have leases in Johnson county that are paying 22.5 % so 20% sounds low. I hope to find more people who have already leased and have an idea what the rate should be.



joe david burleson, sr. said:

Thank you so much for the reply. This is new to me and I'm trying to gather information and make an intelligent decision. Thanks again.

Gena Turner said:

I received $500/acre, 1/5 royalty for 3 years with option to extend for same price for 2 years. I leased with San Luis Energy out of Houston. My tract is only 84 acres.

joe david burleson, sr. said:

Would you mind telling me what the rate was for your lease. We have some acreage in Freestone County that an oil and gas company is wanting to lease. Thanks