I received an offer to lease today for a small interest I have in Martin County. The bonus was $1000/acre and 20% on a producer’s 88. Anybody have an idea of what the market is these days?
Camille, that offer is a bit low. 25% should be obtainable, along with a significantly higher bonus. You may want to reach out to the forum sponsors to see what they’re seeing in your area of Martin County. http://marketplace.mineralrightsforum.com/ad-category/minerals-management-consultants/
Also, it is likely there are a number of amendments you’ll want to make to the lease form to make it more favorable for you.
Thanks, Wolfcamp Shale.
RSP Permian buys Silver Hill: impacts Loving County and Winkler County
What is the going bonus for a three year lease in Section 31, Block 34, Township 3N in survey T&P Railroad Co. a/k/a Abstract 28? I have a client whose total family interest is 75 net mineral acres that is currently unleased.
I continue to receive a large number of unsolicited offers for my interest in Martin County. One guy called me and said they were just packaging and would hold until they had a decent amount and then sell to someone else.
I told him that I had received 60 unsolicited offers on one tract in the past two years. He asked if I would sell if they could beat the high offer.
Is the excitement county wide or tract specific?
It’s really basin-wide with many calling the Permian land rush Permania. Much of Martin County is in the “core” of the Midland sub-basin of the larger Permian Basin. Chances are that all 60 unsolicited offers are under market right now.
We are planning to sign a lease in the very near future. I read a post on here a while back on terms a lessor should include in a lease, but I cannot find it now. Can anyone help us with this? Thank you.
Good Afternoon,
My family and I have 2 areas of land for lease in Dawson County. There are 4 of us, we only own the minerals, we do not want to sell. We have one area that is 240 acres, it is in Block 35 Section 2 Township 4 North, the 160 is in Block 35 Section 28 Township 5 North. Please contact me at marc.rogers33@yahoo.com if you have any questions. Thank you.
Received a call today informing me that I would be receiving a package for ratification of and consent to pooling on a tract currently held by production with several vertical wells. Why do I need to sign and what happens if I do not sign? I do not have executory rights.
WARNING STAY AWAY FROM AUGUSTA ENERGY!!! NO IDEA WHO THEY REALLY ARE BUT STAY AWAY!! Offered to lease our land we agreed and then asked for a bunch of info and vanished. STAY AWAY
William Douglas,
If you do not have an answer to your questions concerning Ratification / Pooling, feel free to contact me and I’ll help explain.
Would like to know the going rate per net mineral acre for selling mineral interests in Martin County? Thank you.
I have an offer on the table at $17,500 per acre and it is a NPI with a 1/6 royalty.
Good Afternoon,
My family and I have 2 areas of land to LEASE not sale in Dawson County. There are 4 of us. We have 240 acres in Section 2 Block 35 T4N. We have had wells on this land before, just not drilled but about 5,000 ft so I know there is oil there. Plus we have 160 acres for lease; it is located at Section 28 Block 35 T5N. We are open to lease all together or by themselves.
Please contact me on here or at marc.rogers33@yahoo.com.
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