What is a fair current lease price and royalty offer for minerals in Yoakum County Section 276?
In negotiating I find that most landmen offer about half of what they’ll pay. Try for 25% royalty. In the long term that’s more important than the lease bonus.
Thanks, Linda. In the initial offer, they did offer 25 percent. That is good, but I have no idea what would be a fair lease bonus.