Oil & Gas Leases -- Fair Market Value? Burleson County, TX

Would appreciate input from anyone regarding leasing activity in Southeast Burleson County, near Somerville/FM 1361 on border of Washington Co. Last lease was $100/acre bonus with 3/16 in 2004 for 3-year term. All help much appreciated. Thanks.

It depends on many factors. Where abouts are you located on 1361 and how many acres do you have?

Near Triple J, several hundred.

Clark Rodgers said:

It depends on many factors. Where abouts are you located on 1361 and how many acres do you have?