# Just offered $500 and 1/5th for 5 years in Rusk Co
**URL:** https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928
**Category:** Rusk County, TX
**Created:** [July 12, 2012, 7:59am UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928 "2012-07-12T07:59:40Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@Mike\_L1](https://www.mineralrightsforum.com/u/Mike_L1)
#### Post date: [July 12, 2012, 7:59am UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/1 "2012-07-12T07:59:40Z")
My thoughts were 5 years is a bit long and I’m quite sure 20% is on the low end. Anyone else have experiences around A-21 in Rusk County?
Thanks in advance,
Mike
---
### Author:  [@john\_mcwilliams](https://www.mineralrightsforum.com/u/john_mcwilliams)
#### Post date: [July 12, 2012, 1:43pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/2 "2012-07-12T13:43:53Z")
Three years is the current market but if you can wait you should ask for $750/acre or 25% to offset the years. Size of your tract will help to determine bonus. If you have over $300/acre you may require lower your offer.
I am asking.
---
### Author:  [@Mike\_L1](https://www.mineralrightsforum.com/u/Mike_L1)
#### Post date: [July 25, 2012, 4:42am UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/3 "2012-07-25T04:42:47Z")
Thanks for the reply. They said it was $300 but wanted to forego the 2-year follow on and just do it all at once for $500. Also tried to go 25% and it’s a no go… Still have a little time to see what happens. Only 12 net acres.
---
### Author:  [@john\_mcwilliams](https://www.mineralrightsforum.com/u/john_mcwilliams)
#### Post date: [July 25, 2012, 1:30pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/4 "2012-07-25T13:30:33Z")
If you need the additional 200 take the 500/ac but I would hold for 3 yrs, you may get a much better offer after 3 yrs.
Mike L. said:
Thanks for the reply. They said it was $300 but wanted to forego the 2yr follow on and just do it all at once for $500. Also tried to go 25% and it’s a no go… Still have a little time to see what happens. Only 12 net acres
JOHN SAID:
You have very little leverage with only 12 ac but hold to three yrs but if you need the additional 2000 then the 500/ac.
---
### Author:  [@Patty\_Stritz](https://www.mineralrightsforum.com/u/Patty_Stritz)
#### Post date: [September 6, 2012, 8:49pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/5 "2012-09-06T20:49:48Z")
Hi Mike
I just received same offer from Sendero Resources Thomas McDonald Survey A21. Was your offer from the same?
Did you proceed with your lease?
Thank you
Patty
---
### Author:  [@Mike\_L1](https://www.mineralrightsforum.com/u/Mike_L1)
#### Post date: [September 7, 2012, 9:52am UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/6 "2012-09-07T09:52:15Z")
Yes Patty we did proceed and sign the lease. Brett Halfman was the landman we dealt with.
---
### Author:  [@Patty\_Stritz](https://www.mineralrightsforum.com/u/Patty_Stritz)
#### Post date: [September 7, 2012, 4:42pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/7 "2012-09-07T16:42:27Z")
Mike L. said:
Yes Patty we did proceed and sign the lease. Brett Halfman was the landman we dealt with.
Best Regards, Mike
Patty Stritz said:
Hi Mike
I just received same offer from Sendero Resources Thomas McDonald Survey A21. Was your offer from the same?
Did you proceed with your lease?
Thank you Patty
---
### Author:  [@Patty\_Stritz](https://www.mineralrightsforum.com/u/Patty_Stritz)
#### Post date: [September 7, 2012, 7:10pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/8 "2012-09-07T19:10:55Z")
Thank you Mike, so you accepted the 5 years?
---
### Author:  [@Mike\_L1](https://www.mineralrightsforum.com/u/Mike_L1)
#### Post date: [September 9, 2012, 2:53pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/9 "2012-09-09T14:53:23Z")
Yes… he said they would go 3 but for less $$. Mentioned they were lumping it together and doing 5 to eliminate the follow-on. I’m not really dealing with much acreage so I went with it.
Seems like it may get some drilling activity.
---
### Author:  [@Howard\_Charles](https://www.mineralrightsforum.com/u/Howard_Charles)
#### Post date: [October 6, 2012, 4:59pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/10 "2012-10-06T16:59:32Z")
We are new to this forum and am glad I found it. The pricing is interesting and we were just offered $300/AC and 20% Royalty in Rusk. Looks like a low ball, so am thinking about going back and ask for $750 plus 21.5%. Also, the landman wants a two-year extension.
Appreciate any comments and thanks in advance.
---
### Author:  [@Howard\_Charles](https://www.mineralrightsforum.com/u/Howard_Charles)
#### Post date: [October 16, 2012, 2:44am UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/11 "2012-10-16T02:44:36Z")
We also were offered $500 after turning down $300 for three years plus two renewal and 22%.
---
### Author:  [@Jim\_Herod](https://www.mineralrightsforum.com/u/Jim_Herod)
#### Post date: [October 23, 2012, 1:37pm UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/12 "2012-10-23T13:37:57Z")
Howard, where in Rusk County is your mineral interest located and how many acres do you have? Thanks. Jim Herod
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:35am UTC](https://www.mineralrightsforum.com/t/just-offered-500-and-1-5th-for-5-years-in-rusk-co/20928/13 "2018-08-15T03:35:50Z")