Would appreciate hearing from anyone regarding new lease wording. Do any of your current leases include (or have you successfully negotiated the elimination of):
- post production cost deductions
- additional Top Lease offers
Also, can anyone verify what current lease payments are with what royalties?
We have been offered $3,500/acre @ 3/16 royalty.
What have others been offered for a higher royalty (i.e. 1/4 or 5/16)?