I have an offer for some acreage in the John H. Gibson Survey in Yoakum County, Texas. Does anyone have knowledge of lease rates in that area? Thank you.
I have 2 properties in Yoakum County. One is under lease for $250 per NMA and 1/4 royalty. The other, (just expired), was $450 per NMA and 1/4 royalty. Now I’m being offered $300/NMA and 1/5 royalty for the latter property. Haven’t decided on latest offer yet.
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Moved these questions over to the Yoakum County, TX Category.
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