We have been offered $115.00 per acre annually for a 5 year lease. The offer is $575.00 per acre if we take a one time buyout. Property is in Western Pennsylvania. Is this a reasonable offer?
Hi Mary. I have a few mineral acres in Johnson County, Texas and I’ve been talking with my attorney about a recent offer. The real money for the mineral owners is in the royalties so a buyout is probably not a good choice. Are you sure the $115 is paid annually? I haven’t seen that. Usually the per acre lease amount is for the term of the lease. I have lost good money not hiring an attorney that deals primarily in mineral leases. The next time I leased, I did it right with a good attorney. Not sure on the per acre price for your area. Good luck.
Mr. Pancerazewski, may I inquire the attorney’s name whom you used? Thanks, kl
Thank you for responding to my question John. We are now in negotiations with the company and have an attorney representing us. Thanks again. Mary Kathryn
john pancerzewski said:
Hi Mary. I have a few mineral acres in Johnson County, Texas and I’ve been talking with my attorney about a recent offer. The real money for the mineral owners is in the royalties so a buyout is probably not a good choice. Are you sure the 115 is paid annually? I haven’t seen that. Usually the per acre lease amount is for the term of the lease. I have lost good money not hiring an attorney that deals primarily in mineral leases. The next time I leased, I did it right with a good attorney. Not sure on the per acre price for your area. Good luck.