I have been offered a BONUS: $400.00 per mineral acre ROYALTY: 1/4 (25%) TERM: Three (3) year primary term with a two (2) year option. The option lies with the company. In the event
the option is exercised, I will receive an additional bonus check in the
amount of $400.00 per mineral acre.
I was told by the landman that this is there top offer. Does this sound like a fair deal ?
I check the Midland county group here , and didn't find anything. Does anyone know what the rates are going for in Midland county right now ? or how I could find out ?