I’ve received two offers to purchase leases. I haven’t a clue as to what this language means. Any info appreciated.
“$8000 per net Royalty acre. This offer assumes that each net mineral acre is subject to a 1/8th royalty rate.”
The other is
“…$10,500 per net mineral acre to purchase all or part of your mineral interest. This cash offer is based upon the minerals being leased at a 3/16ths royalty or greater.”