I have been approached by a company seeking to lease my minerals and I am not sure of the market bonus per acre as well as the royalty expectation. Any advice would help. Thank you!
What section? Makes a difference in this highly faulted area!
Lease rates are not usually public, but the poolings are public. Section 17 & 20 were recently pooled $3000 3/16ths, $2500 1/5th and $1300 1/4th. That gives you a ballpark.