Recently contacted by noble because I own the mineral rights on 6.666 acres of a 20 acre tract in west union. Question… He has offered 17% no deductions and 500.00 per acre, is this a fair offer? It has a lease now written in 1905 and wants to put addendums on so they can putt horizontal wells on. Looking for advice…
Do you have a copy of the 1905 lease? Sometimes there are things in the lease which the lessor (you) might want to change. On the other thread I advised to get an attorney to look over your paperwork. I am looking forward to reading what others say.