# Near Elkhart
**URL:** https://www.mineralrightsforum.com/t/near-elkhart/19987
**Category:** Anderson County, TX
**Created:** [October 22, 2012, 9:35pm UTC](https://www.mineralrightsforum.com/t/near-elkhart/19987 "2012-10-22T21:35:25Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@DJ11](https://www.mineralrightsforum.com/u/DJ11)
#### Post date: [October 22, 2012, 9:35pm UTC](https://www.mineralrightsforum.com/t/near-elkhart/19987/1 "2012-10-22T21:35:25Z")
We received a lease offer for $125 also but with 1/8 for the first three years and 3/16 for the 2 year option. Just researching now, but sounds like we can improve from that…
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [October 23, 2012, 2:32am UTC](https://www.mineralrightsforum.com/t/near-elkhart/19987/2 "2012-10-23T02:32:37Z")
DJ,
What formation was this operator targeting? They may be targeting the Eaglebine formation. I have turned down 4 different offers in the past year on my ranch in Wilbarger County, Texas. Three different companies offered $150 and a company in Wichita Falls offered $200 per acre. My minerals are worth more than that. As for royalty I will accept no less than 20% or 1/5. A three year lease is long enough for a company to drill a well. If they can’t drill one in that length of time, move over and let someone else have a try. Never accept the first offer. It is to the advantage of the oil/gas company and not yours. What have some of your neighbors been offered? How many acres do you have minerals on and do you own 100% of the minerals? Just don’t get in a hurry, don’t be intimidated by the company and don’t give your minerals away. Good luck.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:18am UTC](https://www.mineralrightsforum.com/t/near-elkhart/19987/3 "2018-08-15T03:18:33Z")