We have inherited gas/oil Mineral rights. We are late in becoming leased because they had been missing. The mineral rights are for one acre out of 100. The rights are split between two units. One of the units has a producing well. The other well is being drilled now. Both are In the W.H. Hudson Survey in Tarrant County Texas. We are being offered 1,500 bonus and 25% royalty.
Given that our one acre is so small. Is this bonus in the ball park.
I have heard that leases are being offered with absolutely no deductions in royalty.Is this normal now? Is this easy to get? Do we have any bargaining power for for terms and conditions.
Several complete leases with the County are posted on-line in the minuits of the Commissioners Court? Since it is availabe to the public and since it is a government can I use this?