# Mineral Rights Lease
**URL:** https://www.mineralrightsforum.com/t/mineral-rights-lease/79839
**Category:** Freestone County, TX
**Created:** [February 11, 2025, 9:52pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839 "2025-02-11T21:52:38Z")
**Posts on this page:** 15
**Page:** 1
### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 11, 2025, 9:52pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/1 "2025-02-11T21:52:38Z")
We have 70 acres in Freestone County, Texas (Fairfield, Texas) and have been offered $400 an acre for mineral rights. Terms: 3 years (3-year option at $600 per acre) and 20% royalty. Does this sound fair?
Thanks,
V
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### Author:  [@bowersd](https://www.mineralrightsforum.com/u/bowersd)
#### Post date: [February 12, 2025, 1:45am UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/2 "2025-02-12T01:45:27Z")
Who and what survey in Freestone County?
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### Author:  [@James\_Garner1](https://www.mineralrightsforum.com/u/James_Garner1)
#### Post date: [February 12, 2025, 1:45am UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/3 "2025-02-12T01:45:31Z")
You are stating terms for an Oil and Gas Lease, but you mention the offer was for mineral rights. Make sure you understand the difference. Research the property on the Texas Railroad Commission website for activity. Patience and research generally provides a better financial decision.
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### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 12, 2025, 3:37pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/4 "2025-02-12T15:37:56Z")
Redmond Fearing Survey, A-230.
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### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 12, 2025, 3:38pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/5 "2025-02-12T15:38:03Z")
But also states this “, A-230, in conflict with the J. Y. Aguilera Survey, A-2, Freestone County”. I have no idea what is meant by conflict???
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### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 12, 2025, 3:38pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/6 "2025-02-12T15:38:10Z")
The written statement is, “Per our conversation today we represent XXXXXXXX and they are interested in leasing your families’ mineral rights in Freestone County, Texas in the tract of land listed below:
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### Author:  [@James\_Garner1](https://www.mineralrightsforum.com/u/James_Garner1)
#### Post date: [February 12, 2025, 9:38pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/7 "2025-02-12T21:38:33Z")
I will deal with a broker, but they must disclose the client. Patience and research will be required for the best result. If you have some confusion on their communication, contact them for a clarification.
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### Author:  [@Mineral\_Owner5](https://www.mineralrightsforum.com/u/Mineral_Owner5)
#### Post date: [February 12, 2025, 9:38pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/8 "2025-02-12T21:38:57Z")
It all depends upon your location about the value of a lease and WHOM you are dealing with. Comstock is the main company in Freestone County. Who is the company trying to lease from you? $400 seems real low. Depending upon your location I would say $1,000/net Min. Acre for a 3-year lease and a 1/4 royalty.
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### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 13, 2025, 1:41am UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/9 "2025-02-13T01:41:07Z")
I’m sorry, I called myself respecting the guy who contacted me by inserting XXXX"s (new to this forum) but the name of the company the guy says he is representing is “Vanna Production II, LP”
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### Author:  [@Alan\_Herrington](https://www.mineralrightsforum.com/u/Alan_Herrington)
#### Post date: [February 13, 2025, 1:37pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/10 "2025-02-13T13:37:28Z")
Vanna Production, working with Sabana Royalty Partners, previously leased and sold a 46,500 net acre position in Leon and Freestone Counties to Mitsui E&P. Mitsui has permitted a horizontal well in Freestone County, but nothing has been drilled yet. Vanna is also known to be leasing in the Tennessee Colony area in Anderson County.
It is likely that Vanna is leasing on behalf of Mitsui, but I’m not certain about that. You should be able to get a better deal than $400/$600/20%.
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### Author:  [@Brenda\_Johnson](https://www.mineralrightsforum.com/u/Brenda_Johnson)
#### Post date: [February 14, 2025, 9:20am UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/11 "2025-02-14T09:20:04Z")
Not a good offer based on terms - I don’t have any idea what, if any, production is planned for that area. But, offer seems low and 3 years is okay but no option for 3 years is good for you. 3 years, no extension or option, and 25% royalties. ALSO, very important - I have always negotiated a BONUS upfront. Usually 4K - 10K depending on its location. This offer is a low ball and sounds like they are fishing for ignorance. IMO.
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### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 14, 2025, 2:49pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/12 "2025-02-14T14:49:23Z")
Wow, thank you. With very little to go on with the exception of what has been shared here, I was able to get the per acre increase to $500 per acre. Additionally, the tract had originally been listed at 70.5 acres, but not sure how it was listed as 64 acres when sold and recorded on a 2001 transaction when the property was sold. Company agreed to pay the $500 for the extra 6 acres ($3,000). I’m still researching (James) but extremely appreciative of the input I’m receiving via this forum. God bless all of you and thank you all for all input provided now and any more to come before any paperwork is signed.
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### Author:  [@CarolNT43](https://www.mineralrightsforum.com/u/CarolNT43)
#### Post date: [February 19, 2025, 2:42am UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/13 "2025-02-19T02:42:25Z")
Is this to buy your minerals? Or are you leasing?
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### Author:  [@Lemdasty](https://www.mineralrightsforum.com/u/Lemdasty)
#### Post date: [February 19, 2025, 3:30pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/14 "2025-02-19T15:30:14Z")
We are holding on to rights and leasing.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 12, 2025, 9:52pm UTC](https://www.mineralrightsforum.com/t/mineral-rights-lease/79839/15 "2025-05-12T21:52:39Z")
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