# Lease on James Gorman A-285
**URL:** https://www.mineralrightsforum.com/t/lease-on-james-gorman-a-285/22034
**Category:** Harrison County, TX
**Created:** [February 6, 2012, 11:45pm UTC](https://www.mineralrightsforum.com/t/lease-on-james-gorman-a-285/22034 "2012-02-06T23:45:28Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@mary\_johnson2](https://www.mineralrightsforum.com/u/mary_johnson2)
#### Post date: [February 6, 2012, 11:45pm UTC](https://www.mineralrightsforum.com/t/lease-on-james-gorman-a-285/22034/1 "2012-02-06T23:45:28Z")
Approached with lease for 5 years at $500 and 1/5 royalty. We (5 of us) have 1/4 mineral rights from grandfather purchase in 1936.
From what we understand this is too low for a 5-year plus should be 1/4 royalty. May should be 3 years at $500.00 more like $700.00 for 5 years.
Also they took 2 acres off saying the 2 acres sold in 1971, however my grandfather had the 1/4 mineral rights since 1936 so the mineral would still be there. They did say they think they made a mistake and was to give the 2 acres back.
Any thoughts on the above, like what or what not to do.
Mary
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### Author:  [@D\_H\_Y](https://www.mineralrightsforum.com/u/D_H_Y)
#### Post date: [February 7, 2012, 3:08am UTC](https://www.mineralrightsforum.com/t/lease-on-james-gorman-a-285/22034/2 "2012-02-07T03:08:17Z")
Hi Mary,
I’ve fought this dilemma many times. My grandfather said “never take less than 1/4,” yet all I am offered is 1/5 royalty and I’m lucky to get $500 per acre signing bonus in Harrison County. I suggest you hire an independent landman who works Harrison County and seek his/her advice on what offer would be appropriate for your lease agreement. It will cost probably a day to a day and a half for the landman’s fees for his/her time, research and advice. Fees I’ve run into are $400 to $500 per day. But the landman can research the activity in your area, can explain development close to your acreage and advise a fair and reasonable price for your lease. I found the investment in a landman’s advice well worth the fees. Hope this helps. I wish you the best. Diana
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### Author:  [@George\_Reid1](https://www.mineralrightsforum.com/u/George_Reid1)
#### Post date: [March 7, 2013, 6:45pm UTC](https://www.mineralrightsforum.com/t/lease-on-james-gorman-a-285/22034/3 "2013-03-07T18:45:42Z")
Good afternoon, this advice may come to you a little late, but the money up front is always nice…
The royalty is where you want to make your $$$. Don’t get too consumed by the bonus. It is nice but not the deal breaker.
Some companies will give you more up front and less on the back end.
I would rather have the higher royalty than the higher bonus.
Hope this helps!
D H Y said:
Hi Mary,
I’ve fought this dilemma many times. My grandfather said “never take less than 1/4,” yet all I am offered is 1/5 royalty and I’m lucky to get $500 per acre signing bonus in Harrison County. I suggest you hire an independent landman who works Harrison County and seek his/her advice on what offer would be appropriate for your lease agreement. It will cost probably a day to a day and a half for the landman’s fees for his/her time, research and advice. Fees I’ve run into are $400 to $500 per day. But the landman can research the activity in your area, can explain development close to your acreage and advise a fair and reasonable price for your lease. I found the investment in a landman’s advice well worth the fees. Hope this helps. I wish you the best. Diana
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:57am UTC](https://www.mineralrightsforum.com/t/lease-on-james-gorman-a-285/22034/4 "2018-08-15T03:57:45Z")