Bakersfield Mineral Rights Leases

California Mineral Rights Kern County, CA
1

Hi everyone! I hope all is well. Just a quick question, does anybody here know how much the companies are currently paying to lease in Bakersfield, California? The last time I checked, the likes of Vintage Petroleum and Oxy are paying up to $50/acre and 1/8 royalty. Has there been some movement particularly in Bakersfield? Appreciate responses from people with personal knowledge on this.

Many thanks,

Steven

2

Hello Steven.

Rental and royalty rates vary in Kern depending upon where you are located and the net acreage you hold. $50 is a fair price right now since it seems that most companies are leasing fill-in acreage these days. 1/8th royalty is too low unless you have a fairly small interest. It should be 1/6th with the potential for 3/16ths for larger acreage.

Hope this helps!