Lease in Lynn Co

I have not had a lease offer in Texas for several years. Can anyone please provide advice on what is a good royalty interest and bonus in Lynn County TX .Block 8 section 7, NE/4 ? This is 1/2 way between Lubbock and Midland. The offer I received was 1/6th & $75/nma. Based on other TX posts this seems low. . Thanks! Blake

There doesn’t seem to be anything going on in your area. You can always counter on royalty and bonus, but you might be in a take what you can get situation there.

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