Archer County, TX oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Ya` never get too many friends. Clint Liles is a friend indeed.
marty
Hello everyone. My sister and i just found out we own mineral rights in Archer County, TX. It was a shock and we are trying to get as much info as we can before we make a decision. We have been offered a Seismic permit with option to lease. We would like to find out if the Seismic permit with option to lease is normally signed together. also they are offering $15 per acre for 12 month for the seismic permit is that good? The option to lease is a three year at $90 per net mineral acre and 1/6 royalty there is no mention of a lease bonus. Any comments are appreciated thanks.
$15/acre is good however 12 months is bad. Way to long. Yes Siesmic option is signed with lease. $90/acre is the bonus.
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Attachment: 2018-04-30%20-%20NARO-TX%20Convention%20Agenda%20%28Hyatt%29%20invite.pdf