Hey everyone. I am hoping that this forum can help me correctly negotiate (up to the inevitable lawyer coming in) a mineral lease. I received an offer but it was in my mind a low offer (I would do the same if I was in their shoes). Does anyone have any recent offers (sealed too) at rates higher than $900 per acre + 3/16 on new drilling?
Location is important as the rates vary across the county. If you share the township and range, plus section, we can comment better. The most common royalty in that county is 3/16ths, but there are few higher at 1/5th.