# Panola County, TX Oil & Gas Lease Values Question
**URL:** https://www.mineralrightsforum.com/t/panola-county-tx-oil-gas-lease-values-question/26165
**Category:** Oil and Gas Leasing Help
**Created:** [December 23, 2017, 1:56pm UTC](https://www.mineralrightsforum.com/t/panola-county-tx-oil-gas-lease-values-question/26165 "2017-12-23T13:56:48Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Michael\_Talley](https://www.mineralrightsforum.com/u/Michael_Talley)
#### Post date: [December 23, 2017, 1:56pm UTC](https://www.mineralrightsforum.com/t/panola-county-tx-oil-gas-lease-values-question/26165/1 "2017-12-23T13:56:48Z")
Hello-
I have a small share of mineral rights (only 9 acres out of 360 gross) and received an offer to lease. I don’t know what shale it is, but the land is located in Panola County, Texas at: -Thomas Alston Survey (A-11) and -Jane Thorp Survey (A-665).
The lessee is Rockliff Energy LLC.
The offer is $500/acre for a 3-year paid up lease with 3/16 royalty. Since I have such a small number of shares, I’m not so concerned if the “going rate” is $500 or $525… I just want to make sure it’s not significantly higher, making it worth my effort to negotiate.
Thank you for any insight you may have.
Merry Christmas!
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [December 24, 2017, 4:41am UTC](https://www.mineralrightsforum.com/t/panola-county-tx-oil-gas-lease-values-question/26165/2 "2017-12-24T04:41:54Z")
Hello Michael. WELCOME TO MINERAL RIGHTS FORUM
Next door to the Southeast in A-437 Rockcliff Energy has 2 approved permits for 12,000’ Haynesville Shale gas wells…permits approved 12/12/2017.
A producing horizontal gas well to the South of your minerals in A-5/Devon Energy(369-37762)/Lease 265571/Well 10H—for the first 2 years of production produced about 1 million cubic feet of gas per day. Production began on October 2011.
The $500 per acre bonus money sounds OK but the Royalty should be 20-25%…also you need a ‘NO DEDUCTIONS’ clause in the lease you sign.
GIS Map of Panola County A-11:
CLICK ON MAP TO ENLARGE
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### Author:  [@Michael\_Talley](https://www.mineralrightsforum.com/u/Michael_Talley)
#### Post date: [December 24, 2017, 1:20pm UTC](https://www.mineralrightsforum.com/t/panola-county-tx-oil-gas-lease-values-question/26165/3 "2017-12-24T13:20:08Z")
Thank you, Clint!
A Merry Christmas to you and yours!
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:27pm UTC](https://www.mineralrightsforum.com/t/panola-county-tx-oil-gas-lease-values-question/26165/4 "2025-01-11T19:27:40Z")