We have been offered 125.00 per acre signing bonus for a 3 yr contract and a 3/16 royalty for 4 acres that we have minerals rights to in Lincoln County , Oklahoma... Is this a fair offer? By reading some of the discussion on this forum I am thinking that the 3/16 royalty is standard but I think that the 125.00 per acre is low... I am thinking maybe I should counter offer with 250.00 per acre? Any advice is welcome...
Karen, where in Lincoln County are you located?
Karen, Who is offering to buy, depending on where you are located, there are a few operators active in Lincoln Co.
Depending on your location, your strategy could leave over $750/acre on the table and thousands of dollars of royalty/acre in the hands of others in the hands of others rather than yours. Do yourself a favor and get a handle on the potential of your acreage before submitting a counter proposal. The minerals and fair deals will not go away.
Blue Dolphin Energy leased our mineral rights for 3 years and now that is up and they want to lease for another 3 years but are offering a lot less than our last contract..
Section 03, Township 15 North, Range 06 East, Lincoln County Oklahoma..
Section 03, Township 15 North, Range 06 East, Lincoln County Oklahoma..