Well, I guess I will kick this discussion off. Back in 2007 I entered into a lease with Pioneer Natural Resources for $250 an acre with 22% royalty. This was before I knew anything about the Eagle Ford Shale and the potential it had so I have been kicking myself for jumping at this "low ball" offer. The good news is that their lease expires in March so now that I am more "educated" on the Eagle Ford Shale I am going to ask for a completely new lease instead of renewing it because if I renew it it will more than likely be at the same rate. With a new lease I will be in a better position to get much more per acre. I know that I will be able to get over $8,000 per acre. I know this because I had another parcel of land and in 2010 I entered into a lease with Hilcorp who sold their interest to Marathon this year. They offered $8,000 per acre with 25% royalty.I know these companies are willing to pay good money for leases in certain areas.