# Signing Bonus/Royalities
**URL:** https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401
**Category:** Cherokee County, TX
**Created:** [August 21, 2015, 4:57pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401 "2015-08-21T16:57:13Z")
**Posts on this page:** 11
**Page:** 1
### Author:  [@Celesta\_Whatley](https://www.mineralrightsforum.com/u/Celesta_Whatley)
#### Post date: [August 21, 2015, 4:57pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/1 "2015-08-21T16:57:13Z")
These forums are very new to me…but I would like to know what the going rate for signing bonuses/royalties are going for in Cherokee County.
Thank you.
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [August 21, 2015, 5:04pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/2 "2015-08-21T17:04:35Z")
Celesta,
It would help if you will tell us the Abstract, Section and Block #'s. In other words where in Cherokee County are your minerals located?
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### Author:  [@Celesta\_Whatley](https://www.mineralrightsforum.com/u/Celesta_Whatley)
#### Post date: [August 21, 2015, 5:24pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/3 "2015-08-21T17:24:22Z")
I don’t know if this is right but Dickerson OU, 002H, 003H and 004H
Outside of Reklaw Texas
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [August 21, 2015, 6:16pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/4 "2015-08-21T18:16:44Z")
Celesta,
After some research Dickerson is the name of the 3 Horizontal wells on your mineral acres. The Legal description of your minerals is: Abstract 518/Section 156/ Survey Name-TH Lucky. These 3 Horizontal wells are oil and gas producers drilled by Forrest Oil Company.
This link is for the Completion Report on Dickerson 2H/API 073-31483:
[http://webapps.rrc.state.tx.us/CMPL/viewPdfReportFormAction.do?method=cmplW2FormPdf&packetSummaryId=51604](http://webapps.rrc.state.tx.us/CMPL/viewPdfReportFormAction.do?method=cmplW2FormPdf&packetSummaryId=51604)
Completion Report shows 259 BOPD/892,000 MCF gas per day. Good oil and gas well.
GIS Map of Cherokee County A-518/Section 156/TH Lucky Survey:
Link to Production Report on Dickerson 2H:
[http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do?tab=init&viewType=prodAndTotalDisp&methodToCall=fromGisViewer&pdqSearchArgs.paramValue=](http://webapps2.rrc.state.tx.us/EWA/specificLeaseQueryAction.do?tab=init&viewType=prodAndTotalDisp&methodToCall=fromGisViewer&pdqSearchArgs.paramValue=%7C2=07%7C3=2014%7C4=06%7C5=2015%7C103=15160%7C6=O%7C102=06%7C8=specificLease%7C204=district%7C9=dispDetails%7C10=0)
Clint Liles
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### Author:  [@Celesta\_Whatley](https://www.mineralrightsforum.com/u/Celesta_Whatley)
#### Post date: [August 21, 2015, 6:22pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/5 "2015-08-21T18:22:38Z")
This is great info and I do appreciate your help.
So what do you think a good signing bonus is and royalty would be?
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [August 21, 2015, 6:29pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/6 "2015-08-21T18:29:04Z")
I’m not so sure that all this section is not held by production by the oil company. Is some company offering you a lease? If so how many mineral acres do you own that are not leased in this Section 156?
Clint Liles
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### Author:  [@Celesta\_Whatley](https://www.mineralrightsforum.com/u/Celesta_Whatley)
#### Post date: [August 21, 2015, 6:33pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/7 "2015-08-21T18:33:56Z")
It is a resign…2013 we signed for 125 and 1/16.
I was told to ask around to see if that is the going rate and that is what I am doing.
I just don’t want to be naive dealing with these companies. Forest Oil/Sabine went bankrupt, still have to pay out…I just want to make sure that I ask for the fair price.
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [August 21, 2015, 6:50pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/8 "2015-08-21T18:50:30Z")
Possibly someone that has minerals in the immediate area will chime in. $125 and 1/16 are very unacceptable for this area. I personally don’t know what the going rate is for this area but if the acreage was mine I would be asking for at least $750 per acre and 20-25% Royalty considering the production that is in the area.
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### Author:  [@Celesta\_Whatley](https://www.mineralrightsforum.com/u/Celesta_Whatley)
#### Post date: [August 21, 2015, 6:56pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/9 "2015-08-21T18:56:01Z")
Wow! I had no idea… that is why I am asking…
Can they turn me down since they already have well drilled?
When the land man called I told him I wanted to negotiate and he said since oil is so low that we may not get much more than 125.
Do you have any other suggestions???
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### Author:  [@John\_R\_Rochelle](https://www.mineralrightsforum.com/u/John_R_Rochelle)
#### Post date: [February 14, 2017, 11:06pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/10 "2017-02-14T23:06:51Z")
Celesta Whatley… Am member of this Forum…would like to exchange communication with you about my mineral interest in Cherokee County. Father was a lease hound…his description in the TX & OK oil booms of the 1930’s.
Sister and I want to know more about the deeds he left behind.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:33pm UTC](https://www.mineralrightsforum.com/t/signing-bonus-royalities/6401/11 "2018-08-14T23:33:55Z")