# Lease
**URL:** https://www.mineralrightsforum.com/t/lease/18726
**Category:** Wood County, TX
**Created:** [January 15, 2013, 1:23am UTC](https://www.mineralrightsforum.com/t/lease/18726 "2013-01-15T01:23:47Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Peggy1](https://www.mineralrightsforum.com/u/Peggy1)
#### Post date: [January 15, 2013, 1:23am UTC](https://www.mineralrightsforum.com/t/lease/18726/1 "2013-01-15T01:23:47Z")
I have been notified by a land man that my grandfather had mineral rights to 10 acres in the Jesse Walker Survey A-607 Wood County Texas. I am very much clueless about how all of this works. I have been sent a lease for $100.00 for 3 years (not a $100.00 each year) and one-sixth royalty provision. I asked the land man if this was a new well or old and he said neither one. Without knowing anything I thought that this seemed low - I’m looking at it like that’s only $33.33 a year for the mineral rights and I do understand that it’s only 10 acres. I could use all the help, advise etc anyone can share. Thank you Peggy
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### Author:  [@Eric\_Steger](https://www.mineralrightsforum.com/u/Eric_Steger)
#### Post date: [January 15, 2013, 3:14am UTC](https://www.mineralrightsforum.com/t/lease/18726/2 "2013-01-15T03:14:53Z")
I was recently told by a Tyler, Texas landman that the minerals should be leased for a minimum of $100 per acre and should probably go as high as $200 per acre for a one year lease in Wood County, Texas. Also, you should probably get a 25% royalty provision. Which entity contacted you? I have contacted an attorney to negotiate with the oil company that offered to lease our minerals. The negotiation continues.
Hope this helps.
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### Author:  [@Peggy1](https://www.mineralrightsforum.com/u/Peggy1)
#### Post date: [January 16, 2013, 1:55am UTC](https://www.mineralrightsforum.com/t/lease/18726/3 "2013-01-16T01:55:39Z")
Eric Steger said:
I was recently told by a Tyler, Texas landman that the minerals should be leased for a minimum of $100 per acre and should probably go as high as $200 per acre for a one year lease in Wood County, Texas. Also, you should probably get a 25% royalty provision. Which entity contacted you? I have contacted an attorney to negotiate with the oil company that offered to lease our minerals. The negotiation continues.
Hope this helps.
Eric
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### Author:  [@Peggy1](https://www.mineralrightsforum.com/u/Peggy1)
#### Post date: [January 16, 2013, 1:59am UTC](https://www.mineralrightsforum.com/t/lease/18726/4 "2013-01-16T01:59:52Z")
Peggy said: Yes thank you it’s a great info. The entity is Crevalle Energy LLC. Thanks again, Peggy
Eric Steger said:
I was recently told by a Tyler, Texas landman that the minerals should be leased for a minimum of $100 per acre and should probably go as high as $200 per acre for a one year lease in Wood County, Texas. Also, you should probably get a 25% royalty provision. Which entity contacted you? I have contacted an attorney to negotiate with the oil company that offered to lease our minerals. The negotiation continues.
Hope this helps.
Eric
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 2:56am UTC](https://www.mineralrightsforum.com/t/lease/18726/5 "2018-08-15T02:56:31Z")