# New Lease Offer in T Bowman survey **URL:** https://www.mineralrightsforum.com/t/new-lease-offer-in-t-bowman-survey/25336 **Category:** Oil and Gas Leasing Help **Created:** [April 16, 2018, 1:55pm UTC](https://www.mineralrightsforum.com/t/new-lease-offer-in-t-bowman-survey/25336 "2018-04-16T13:55:33Z") **Posts on this page:** 2 **Page:** 1
### Author: ![Manning\_D\_Smith](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/manning_d_smith/32/9041_2.png) [@Manning\_D\_Smith](https://www.mineralrightsforum.com/u/Manning_D_Smith) #### Post date: [April 16, 2018, 1:55pm UTC](https://www.mineralrightsforum.com/t/new-lease-offer-in-t-bowman-survey/25336/1 "2018-04-16T13:55:33Z")
My neighbors and I recently received offers to lease from Walker Land & Minerals, Inc out of LaGrange, TX. We are trying to educate ourselves on how to respond. The offers seem to be fairly generous, but having read quite a lot of comments on the Internet, now I am very concerned about the details! I do not want a drill rig on my land but would obviously like to take advantage of any oil production if that is possible with that caveat. I have roughly 24 actual acres of land and my neighbor has 57 acres adjacent to me. The offer is $800 per net mineral acre for 3 years plus a 2 year option. (Both of us have 12.5% mineral ownership), and there is a 1/5th royalty. My question is how to respond to this offer. To my knowledge there has been no lease offer on these properties for at least 8 years, so I’m curious why the offer is being tendered at this time. Based on what I have seen on the GIS map, there are lots of plugged wells around us and a few active ones, but is there a growing push for more drilling in our area? I have attached a map of my location. Thanks for any guidance you folks may have! ![93-MDSmith_property_on_GIS.jpg](https://www.mineralrightsforum.com/uploads/db5755/original/2X/6/686aa7fa8ef3ac3927bc7b308dba61df5f67c5b5.jpg) (229 KB) ![94-MDSmith_property_GIS_location.jpg](https://www.mineralrightsforum.com/uploads/db5755/original/2X/e/ed042369d66d51a77b0ffcffad3ab1eb82534b5d.jpg) (230 KB) ---
### Author: ![Kenny\_DuBose](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/kenny_dubose/32/5102_2.png) [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose) #### Post date: [April 4, 2019, 7:59pm UTC](https://www.mineralrightsforum.com/t/new-lease-offer-in-t-bowman-survey/25336/7 "2019-04-04T19:59:50Z")