Oil and Gas Lease

I think it can vary quite a bit. Some places in Houston County are very good, other spots not good at all. It can also depend on how much (how high ownership %) you own. I’m down in Lovelady, we have requested and received $500 per NMA and 20%. But I am a very tiny owner, I believe larger owners have gotten more. I also own near Shady Grove property where nothing has happened or is happening!! I was offered $350 per NMA I ask for $500 and never heard from them again! I recommend you check the Texas Railroad Commission map for drilling activity around your property. You may get a sense for how good the area is as well as dates when permits and drilling were done. Good luck!