# Should I lease a small parcel in Greeley to Mineral Resources?
**URL:** https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603
**Category:** Weld County, CO
**Created:** [February 12, 2014, 8:16pm UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603 "2014-02-12T20:16:20Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@David\_Studebaker](https://www.mineralrightsforum.com/u/David_Studebaker)
#### Post date: [February 12, 2014, 8:16pm UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603/1 "2014-02-12T20:16:20Z")
I am a newbie to mineral rights, so please forgive my ignorance. As owner of a small parcel of land (about 1/2 acre) near 6th Ave and 20th Street in Greeley, I was contacted last year and again about a week ago by Mineral Resources by letter wanting to lease my mineral rights for horizontal drilling. I did not respond last year to their offer of 12% royalties, believing it was too low. Now they are now offering a signing bonus of $300/net acre and a 14% royalty interest with a 5 year term.
First, what is “net” acreage and how is “net” acreage different than standard acres?
Secondly, and most important: Is this a good deal? It’s not a lot of money we are talking about for only 1/2 acre so I don’t want to get overly involved for not much gain. Any advice would be greatly appreciated! Thanks.
---
### Author:  [@michelle\_Smith](https://www.mineralrightsforum.com/u/michelle_Smith)
#### Post date: [February 13, 2014, 2:45pm UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603/2 "2014-02-13T14:45:58Z")
Hi David,
If you want to call me I can answer your questions. I am very familiar with that area.
M. Smith 720 723 2770
---
### Author:  [@Ronda\_Padilla](https://www.mineralrightsforum.com/u/Ronda_Padilla)
#### Post date: [February 14, 2014, 5:03pm UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603/3 "2014-02-14T17:03:31Z")
Hello Michelle,
We have property west of Nunn, Colorado & was wondering what the going rate is per acre & the lease terms.
State of Colorado, Weld County. Section 22: W/2 Section 8: SW/4 Township North, Range 66 West.
michelle Smith said:
Hi David,
If you want to call me I can answer your questions. I am very familiar with that area.
M. Smith 720 723 2770
---
### Author:  [@michelle\_Smith](https://www.mineralrightsforum.com/u/michelle_Smith)
#### Post date: [February 14, 2014, 6:39pm UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603/4 "2014-02-14T18:39:12Z")
How many net acres do you know?
---
### Author:  [@michelle\_Smith](https://www.mineralrightsforum.com/u/michelle_Smith)
#### Post date: [February 14, 2014, 7:21pm UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603/5 "2014-02-14T19:21:39Z")
Dear Rhonda, the Township number (s/be a 5N or something like that) is missing on your legal. Can you add that to the legal description please or call me at 720-723-2770? Thanks!
michelle Smith said:
How many net acres do you know?
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 12:56am UTC](https://www.mineralrightsforum.com/t/should-i-lease-a-small-parcel-in-greeley-to-mineral-resources/11603/6 "2018-08-15T00:56:06Z")