Gas pipeline lease offer

Texas Mineral Rights Reeves County, TX
1

We received a lease offer based on the UT Damage, etc guideline for a 16" gas pipeline, 30 ft wide and 48 rods. Any ideas on what a realistic price per rod should be?

Thanks,

Randy

2

I’m asking $600 per rod.

3

Is anyone getting close to your asking price?

4

They came back and offered $350 but I have said no!

5

I agreed to $350/rod recently in Northern Reeves.