# Unsigned lease in hand - can anyone beat this offer
**URL:** https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247
**Category:** Eagle Ford Shale
**Created:** [March 18, 2014, 5:45am UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247 "2014-03-18T05:45:23Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@Larry\_Koch](https://www.mineralrightsforum.com/u/Larry_Koch)
#### Post date: [March 18, 2014, 5:45am UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/1 "2014-03-18T05:45:23Z")
I have a lease offer now in hand for 40 acres near Charlotte in Atascosa County. The offer is $400 per acre for the lease bonus (3 year lease) and 22.5% royalty. Can anyone beat this $400 per acre offer? I will need to hear from you soon. You can call me at 830-423-4656 - leave a message and I will return your call ASAP.
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### Author:  [@Rock\_Man](https://www.mineralrightsforum.com/u/Rock_Man)
#### Post date: [March 18, 2014, 2:28pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/2 "2014-03-18T14:28:40Z")
Do you know which operator this offer is from? Or is it a broker who won’t tell you who his client is?
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### Author:  [@Larry\_Koch](https://www.mineralrightsforum.com/u/Larry_Koch)
#### Post date: [March 18, 2014, 4:09pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/3 "2014-03-18T16:09:34Z")
Rock Man said:
Do you know which operator this offer is from? Or is it a broker who won’t tell you who his client is?
i HAVE THE LEASE AGREEMENT - IT IS A LEASE TO VIRTEX
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### Author:  [@Rock\_Man](https://www.mineralrightsforum.com/u/Rock_Man)
#### Post date: [March 18, 2014, 4:11pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/4 "2014-03-18T16:11:10Z")
Active player in the trend - leasing to them should result in a well being drilled that includes your lease. They are not Eagle Ford players which explains the lower bonus and royalty numbers. Good operator.
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### Author:  [@Larry\_Koch](https://www.mineralrightsforum.com/u/Larry_Koch)
#### Post date: [March 18, 2014, 4:18pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/5 "2014-03-18T16:18:17Z")
Rock Man said:
Active player in the trend - leasing to them should result in a well being drilled that includes your lease. They are not Eagle Ford players which explains the lower bonus and royalty numbers. Good operator.
Thanks for the information - It is an encouragement.
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### Author:  [@James\_H\_Zeiders](https://www.mineralrightsforum.com/u/James_H_Zeiders)
#### Post date: [April 5, 2014, 10:58am UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/6 "2014-04-05T10:58:39Z")
I would like to talk to you more about your interest. Please message me
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### Author:  [@Larry\_Koch](https://www.mineralrightsforum.com/u/Larry_Koch)
#### Post date: [April 5, 2014, 5:22pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/7 "2014-04-05T17:22:00Z")
4/5/14
Hello James.
I have received your message. I will be away most of today but let me hear from you and I will reply ASAP.
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### Author:  [@John\_Goode](https://www.mineralrightsforum.com/u/John_Goode)
#### Post date: [April 29, 2014, 8:32pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/8 "2014-04-29T20:32:43Z")
Doesn’t sound like a bad deal even if the bonus isn’t so high. It’s my understanding that Virtex is drilling shallow vertical wells not horizontals in the Eagle Ford. Oil units (that aren’t horizontals) are typically around 80 acres. So, if you own 40 mineral acres, you would get around half the oil in the unit times (X) your royalty of 22.5%. People on the forum - please correct me if I’m wrong.
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### Author:  [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [April 29, 2014, 9:23pm UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/9 "2014-04-29T21:23:49Z")
If all 40 of his acres are in the unit. I would be careful about the pugh clause.
John Goode said:
Doesn’t sound like a bad deal even if the bonus isn’t so high. It’s my understanding that Virtex is drilling shallow vertical wells not horizontals in the Eagle Ford. Oil units (that aren’t horizontals) are typically around 80 acres. So, if you own 40 mineral acres, you would get around half the oil in the unit times (X) your royalty of 22.5%. People on the forum - please correct me if I’m wrong.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 12:50am UTC](https://www.mineralrightsforum.com/t/unsigned-lease-in-hand-can-anyone-beat-this-offer/11247/10 "2018-08-15T00:50:33Z")