In Texas, the lease bonus is not publicly disclosed. Lease or memorandum will simply cite $10 and other consideration. The exception is General Land Office leases and other State leases. You can research GLO website for files for state-owned minerals. Any company leasing hopes to drill big producing wells. Even so, if you only own a small net acres, your royalty will be small. And production diminishes over time so royalties will also go down. Finally your royalties are a function of market price of oil and gas. Your friend’s parents may have received large royalties in early years which have decreased due to lower production and lower gas prices. He will have to wait for new wells and improved prices.
1 Like