What are the signing bonuses going for in Midland around Section 44 Block 38? Is 1/5 royalty good or should I get 1/4?
Appreciate any info.
There are two Block 38 in Midland County. Block 38 Township 1 South and Block 38 Township 4 South. Both are phenomenal areas to own minerals, and lease prices have skyrocketed over the past year. You should be able to get a signing bonus of $10k+/acre and a 25% royalty. Be prepared to be inundated with private messages on this forum from people wanting to lease your minerals. I’d suggest you “shop” the acreage around a bit to find competing lease offers. There are attorneys and consultants in the marketplace of this forum that could probably assist you.
Jonathan,
I am actively leasing in this area and would be happy to provide you with a sense of the current market and answer any questions you may have about the area and what you can expect re: lease terms. Please feel free to send me a private message on here and I will follow up with you.
Thank you,