I am a new landowner due to the passing of land to my family and I have received two offers for a Salt Water Disposal site. As a newbie I am seeking advice from any source I can find. The first offer was for 20k outright purchase which I rejected quickly.
They have countered with 12k Option to lease and 2% royalty. I think in Stanton County Texas these are going for .50bbl. My research has shown anywhere from .05 cents bbl to .08 cents bbl plus damages etc.
Any Insight would be a great help. Thank you