The offer is FOR: Paid-Up Oil, Gas and Mineral Lease Dawson County, Texas Labors 1 and 2, League 4, of the Taylor County School Lands 3 Year Primary Term Lease @ $400.00 per net mineral acre 3 Year Option to Extend Primary Term @ $400.00 per net mineral acre 20% Royalty ($400.00 x 41.250 net mineral acres = $16,500.00)
Seems that other offers are higher in the area. This appears to be an offer for two pieces of land, roughly 240.00 gross acres for 41.250 net mineral acres How are mineral acres determined? What is pooling?
Thanks in advance for your input