# Lease Offer - Shelby County, TX
**URL:** https://www.mineralrightsforum.com/t/lease-offer-shelby-county-tx/68425
**Category:** Shelby County, TX
**Created:** [October 24, 2022, 5:48pm UTC](https://www.mineralrightsforum.com/t/lease-offer-shelby-county-tx/68425 "2022-10-24T17:48:47Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@Ssicbx](https://www.mineralrightsforum.com/u/Ssicbx)
#### Post date: [October 24, 2022, 5:48pm UTC](https://www.mineralrightsforum.com/t/lease-offer-shelby-county-tx/68425/1 "2022-10-24T17:48:47Z")
Got an Oil, Gas & Mineral Lease offer for my 109 acres, Henry Ashabranner Survey, A-4. $500 per acre for three-year lease with an additional three-year lease. At 3/16ths royalty. It has been surveyed in the past and there is both oil and gas at this location. There is a lot of paperwork in the contract, but this is a good starting point. So where do I go from here? Looks like both offers are low. Thanks.
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### Author:  [@J\_Walker](https://www.mineralrightsforum.com/u/J_Walker)
#### Post date: [October 24, 2022, 8:54pm UTC](https://www.mineralrightsforum.com/t/lease-offer-shelby-county-tx/68425/2 "2022-10-24T20:54:50Z")
Recent offers we’ve had are $500 to $650 per acre, 20% RI. We usually don’t consider extensions. If you negotiate for cost free, make sure the royalty is based on gross proceeds, not at the wellhead.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [January 22, 2023, 5:49pm UTC](https://www.mineralrightsforum.com/t/lease-offer-shelby-county-tx/68425/3 "2023-01-22T17:49:05Z")
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