Recent Oil and Gas Lease Terms in Henderson County, TX


#1

My mother recently passed away and left my brother and myself mineral interests on 54.5 acres in the John Albright Survey, A-16. I am familiar with oil and gas leasing as we have existing leases in other parts of Texas. That said, we have nothing in this part of Texas. An oil company recently contacted us about leasing this tract in Henderson County. We own 100% of the minerals. The terms they offered are low compared to our other properties. Just need a good starting point for bonus$, production %, and lease duration for this area. Any information would be greatly appreciated.

Jay