Lease offers for 33-7N-7W

Does anyone have any guidelines for the above? I have been offered $2500 per net mineral acre with 3/16th royalty.

Thought those #'s looked familiar :

Here's what I found from a couple weeks ago :wouldn't copy over but on November ~28 someone noted something. Looks like Rdub posted.

Cf post on 11/28 by Rdub.

Cf : Comment on 11/28 by Rdub.

Thanks loads.

What company was the offer from? I also have minerals in this section.

Always ask for the 1/5th and 1/4th option. In the long run, the higher royalty is often much more valuable than a one time bonus payment. Especially is there are additional wells. Make sure that you learn as much as you can before you lease. The first lease you are offered is not usually in your favor and needs to be negotiated. No post production charges, limit the shut in time, depth clause, etc.

Good to know info!!