Has anyone received any lease offers for Houston County, Texas? I wanted to find out what are others getting per acre, how many years, percentage of royalty, if it cost free royalty, and a depth clause? Thank you
I asked a question regarding Houston County yesterday that still hasn't been answered by anyone either. We haven't received a lease offer but we are hoping the trend will lead out our way. Our property is in Crockett and things haven't really reached that part of Houston County. Where is your property located? From some of the other people I have talked to and things I have read, 1/4 of the percentage royalties should be easy to get. The amount per acre can depend on if you are one of the first to lease versus one of the last, among other things. I have seen prices form 500-800 dollars. It also depends on the company. I have been warned to stay away from Chesapeake and told that EOG is an ok company. If no one answers you, scour the forum, I have gotten a lot of answers but it took a lot of digging! Good luck!
EOG has been a good company, I have been hearing otherwise lately and I would suggest you dig deeper.
Thank you! I was just reading something similar to this on another board on the forum!
r w kennedy said:
EOG has been a good company, I have been hearing otherwise lately and I would suggest you dig deeper.