Smith County Texas for the standard three year lease with an option for another two

Texas Mineral Rights Smith County, TX
1

I own about 3 acres in the larger parcel noted in green on the attached map. I’ve been offered $100 a mineral acre with a 3/16 royalty Can anyone tell me if anything‘s going on over there and I don’t know $100 a mineral acre sounds a little low we just leased another parcel in Smith County for $300 an acre in the T. G Gardner survey A-373 Smith County

Any advice?

A-503-02.pdf (155.7 KB)

2

Most folks in Texas would want at least 1/5th but prefer 1/4th with a no post production costs lease and no option.

3

Thanks for responding to me. I appreciate it. I ended up countering with 150 per mineral acre and a 1/5 royalty interest which they accepted. Thanks again for responding.

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