Please review the University of Texas rates and damages publication. Then you will have a starting point. And it can always go up. Too many people getting slicked on leasing and having to learn the hard way. Big expensive non-producing holes in the ground but no money for you? Move on driller.
The State [University of Texas] publication is an “our way or the highway” dictate. How common is it for surface and mineral owners to be positioned to make any demands?
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You have to make demands or you’re going to end up losing a bunch of money on your non-royalty producing frac experiment. Just assume it’s NEVER going to pay from production and get all you can upfront. Forget the royalty; that’s for the next hole. Don’t buy into the experiment; you don’t need it. Your land has value.
My neighbor got hornswoggled on a lease deal. Sad.
If you make it hard on the oil company, they will stop doing expensive experiments and focus on high-grade acreage to drill instead of asking you to subsidize the clown show.
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