Bexar County, TX oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
My great grandfather had 700 acres in A-13, Ignacio Perez Survey No. 15. A see a division order where he had a 16% royalty leading me to believe he had 100% of the minerals.
In looking at the gis map viewer, it looks like a ton of shallow wells in the north west portion of this abstract with almost nothin in the rest of this survey.
Based on shallow wells, what is market rate for a three year, 25% cost free royalty lease with respect to bonus?
There was some interest in trying horizontals on the Austin Chalk boundaries in SE Bexar and heading SE. If it is really for shallow wells, bonus will be pretty low, and you may have trouble getting 25%.
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