Hello. I received a oil & gas lease proposal for minerals in Rusk County, Texas. The royalty is 20% with a signing bonus of $1,000 per acre. Is that the current rate for Rusk County? Thank you for any assistance.
I am not familiar with Rusk County, but lease terms will vary widely across any county, depending on the geology. So you will get answers is you post information about the location of your minerals within Rusk County.
And Robert, who is the lease proposal from? We have some old Cotton Valley wells that I’m hoping will be re-entered and horizontally drilled in Bossier/Haynesville Shale. TGNR is our Operator.
Thank you.
Where are your minerals located in Rusk I have Minerals in several locations
Who leasing what company
I have producing minerals in Minden Cotton Valley Spikes units. It has shale below the cotton valley
Sabine oil & gas is operator
Plus I have other minerals in Rusk unleashed