Mineral rights value in Yoakum County


#1

Hello!

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:


#2

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


#3

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


#5

Remember that solicitation is not permitted on the forum…