My Great Grandfather's Trust received an offer for $250/ac + 3/16 royalty for 3 year term, with 2 year option. The trust has >2000 acres about 3 miles NE of Stoneburg.
What are leases in this area going for?
Can you provide the abstract numbers? This will give a better location. Thanks.
Kimbro A-405, Davis A-181, Archer A-7
fred ewers said:
Can you provide the abstract numbers? This will give a better location. Thanks.
I have been offered $350/ac + 1/5 royalty for 3 years with 2 year option. This is in Montague County near Bowie Texas. I think this is low and like you am searching for a fair price. Any help would be wonderfull.