# Lease information in petersville area
**URL:** https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896
**Category:** DeWitt County, TX
**Created:** [August 16, 2011, 2:11pm UTC](https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896 "2011-08-16T14:11:13Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Mike19](https://www.mineralrightsforum.com/u/Mike19)
#### Post date: [August 16, 2011, 2:11pm UTC](https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896/1 "2011-08-16T14:11:13Z")
We own acreage in Petersville. Just gathering information on surface settlement amount for land lease and mineral %. Also seeking information on drilling activity in same area.
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### Author:  [@Jerry\_Roberts](https://www.mineralrightsforum.com/u/Jerry_Roberts)
#### Post date: [August 16, 2011, 2:41pm UTC](https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896/2 "2011-08-16T14:41:27Z")
I am no expert. My opinion is worth what you paid for it: ZERO.
BUT:
I have heard offers of $1500 a mineral acre at 20% for a 3 year lease with the bonus paid again if the drilling process has not begun by the end of the 3 years.
I think a more reasonable amount would be $2000 to $2500 at 25% with the same renewal terms.
Get enough to make you happy. It may be years, if ever, before you get a royalty check. You could also get lucky on the drilling schedule and production and get money in a short period of time. We are at the mercy of the operators.
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### Author:  [@Mike19](https://www.mineralrightsforum.com/u/Mike19)
#### Post date: [August 29, 2011, 9:01pm UTC](https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896/3 "2011-08-29T21:01:09Z")
ZaZa Energy got approved for a new permit today 4.5 miles west of Yoakum off 111.
abstract #55 - API # 123-32554
We’ll see what happens…
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### Author:  [@Jerry\_Roberts](https://www.mineralrightsforum.com/u/Jerry_Roberts)
#### Post date: [September 18, 2011, 10:40pm UTC](https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896/4 "2011-09-18T22:40:49Z")
Any news on what is going on
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 4:14am UTC](https://www.mineralrightsforum.com/t/lease-information-in-petersville-area/22896/5 "2018-08-15T04:14:46Z")