# Mineral lease offer Shelby County Tx
**URL:** https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005
**Category:** Shelby County, TX
**Created:** [February 15, 2022, 6:21pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005 "2022-02-15T18:21:41Z")
**Posts on this page:** 15
**Page:** 1
### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [February 15, 2022, 6:21pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/1 "2022-02-15T18:21:41Z")
Is 3 yr lease, 2 yr ext., $400 bonus, 1/5 royalty, James English survey, A-186 a good offer?
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### Author:  [@Donald\_Skotty](https://www.mineralrightsforum.com/u/Donald_Skotty)
#### Post date: [February 16, 2022, 12:52am UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/2 "2022-02-16T00:52:00Z")
Not a good offer. Should be at 25% royalty. Would also limit to 3 years with no option. Could go back requesting a higher bonus. The latest U.S. Lease Price Report for Shelby County says $1100 is the most common bonus, so I think this is a lowball.
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### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [February 16, 2022, 10:35pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/3 "2022-02-16T22:35:31Z")
Really appreciate your forwarding of U.S. L.P. Report. Very informative, although I don’t quite understand how the High amount of bonus is 1100 but the Most Common is 1225.
When negotiating, would it be best to counter-offer with a lower number than the 1100, but stick to 25% for Royalty? Will definitely counter with 3 years, no option. The company making the offer is Legacy Reserves Operating.
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### Author:  [@Donald\_Skotty](https://www.mineralrightsforum.com/u/Donald_Skotty)
#### Post date: [February 16, 2022, 11:16pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/4 "2022-02-16T23:16:42Z")
The high was $11,000, was probably for a very small tract. You could counter with $1225 and cite the report. Definitely think you should get 25% and no option.
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### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [February 17, 2022, 12:21am UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/5 "2022-02-17T00:21:51Z")
I thought the 11000 figure was a typo, thank you for clarifying!
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### Author:  [@PermianResearch](https://www.mineralrightsforum.com/u/PermianResearch)
#### Post date: [February 17, 2022, 2:53pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/6 "2022-02-17T14:53:50Z")
While those reports are useful, it’s important to know that not all of Shelby County is created equally. Certain areas of Shelby are a lot more productive, and therefore more valuable, than others. Those higher bonus prices mentioned are most likely found further east of your acreage. I always think it’s good to counter the first offer, but don’t be surprised if you only get a small bump in the bonus price and nowhere near the 3x counter some are suggesting. Good luck!
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### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [February 17, 2022, 7:09pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/7 "2022-02-17T19:09:26Z")
Very grateful for this candid advice. Is it possible to access a map of Shelby County showing abstract areas, abstracts, and perhaps tracts? Many thanks.
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### Author:  [@Mikro1TX](https://www.mineralrightsforum.com/u/Mikro1TX)
#### Post date: [February 17, 2022, 7:25pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/8 "2022-02-17T19:25:06Z")
Go to the RRC GIS viewer. Find Shelby County and zoom in. [https://gis.rrc.texas.gov/gisviewer/](https://gis.rrc.texas.gov/gisviewer/)
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### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [February 18, 2022, 8:22pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/9 "2022-02-18T20:22:11Z")
Appreciate this, definitely will go to site.
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### Author:  [@Donald\_Skotty](https://www.mineralrightsforum.com/u/Donald_Skotty)
#### Post date: [February 21, 2022, 4:12pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/10 "2022-02-21T16:12:40Z")
PermianResearch is right. Use the Lease Price information to bargain for a higher bonus amount, but do not be surprised if Legacy Reserves Operating doesn’t match the Shelby most common bonus. I would stick to the 25% and 3 years, though.
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### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [February 23, 2022, 3:24am UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/11 "2022-02-23T03:24:04Z")
Thank you once again. I was coming to same conclusion.
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### Author:  [@Diesel](https://www.mineralrightsforum.com/u/Diesel)
#### Post date: [February 25, 2022, 9:27pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/12 "2022-02-25T21:27:41Z")
25% 3 year term, no extension. That’s the move.
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### Author:  [@Ltaylor12](https://www.mineralrightsforum.com/u/Ltaylor12)
#### Post date: [March 5, 2022, 2:03pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/13 "2022-03-05T14:03:32Z")
Who was the company offering it up?
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### Author:  [@ckilgoregilchrist](https://www.mineralrightsforum.com/u/ckilgoregilchrist)
#### Post date: [March 5, 2022, 6:51pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/14 "2022-03-05T18:51:12Z")
Legacy Reserves Operating LP. Apparently they have been drilling extensively in areas SE and SW of our land.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 16, 2022, 6:21pm UTC](https://www.mineralrightsforum.com/t/mineral-lease-offer-shelby-county-tx/65005/15 "2022-05-16T18:21:56Z")
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