Going Bonus Rates for Andrews?

Hi All, I just got a call from a Landman and they want to re-up our leases for a bonus of $500/net mineral acre in the Fullerton field, Boydell/Dempsey Creek NW of Andrews about 19 miles. We signed for $500 per net mineral acre three years ago, which was dirt cheap even then.

What’s the best lease bonus right now for this area?


Ralph Smith