Mineral rights value in Yoakum County



I just found out I have 3 acres of mineral rights at NW/4 of section 277, Block D, John H. Gibson survey, A-175, Yoakum County, Texas.

I received a call from a landman who is offering me a lease bonus of $500 per acre for a 3-year lease (I assume this means it’s $500 total per acre per 3 year period, not $500 per year for three years - can someone confirm?), plus 1/5th royalties.

I’m trying to find out if this is a reasonable offer, can anyone give me some insight, or point me in the right direction? I really don’t know where to begin.

Thank you in advance for any info! :slight_smile:


Moved this over to Yoakum County for you where it should get more views.


Thank you very much for moving it! Hopefully someone there will see it who can help me.


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