Royalty Question - Help - Lexington, TX - Eagle Shale

I would greatly appreciate obtaining feedback concerning royalty. I have been assisted my 84 yr old friend with determining whether the offer received from a landman working for Venando Oil is sufficient for people receiving the same offer in the Lexington, Texas area.

My friend owns 30 acres and the proposal reads $350 per acres and 1/5 royalty. My question is the royalty offer of 1/5 the going rate being offered in this area? I do have a copy of the terms and conditions should you have any other questions. (Her neighbors on both sides of her home already received offers and they are receiving money; however, they do not care to share their proposal received.)

Many thanks and blessings.

Virginia

Virginia:

You may want to post this question under the Lee County group. Click on "Groups" above, find Texas and scroll down to Lee County. There are members posting on this site that have interest in that area and they might be able to assist you with updated info.

Oh thank you so much for that direction. I'll be sure to check on this today.

Virginia