I am a landowner in the area. After doing heck of a lot of research, I see that landowners in Southwest PA are receiving 2-5000 dollars per acre for their mineral rights and they are on dry gas. Ohio and WV are receiving upwards of 5000/acre for wet gas. Why would I lease for $25.00 per acre. Even when they were in the "exploratory" phase, they were paying 200-2000 dollars per acre. Does anyone know enough about Bakersfield to give me that information? Please be honest with me. I do not want to lease to find out a year from now that I lost 100's of thousands of dollars for being to quick on the draw.
Leasing for Oil & Gas is just like any other tye of Real Estate,
Location, Location, Location
Steven,
To b honest with you, do some research on supply and demand for mineral acreage and limit it to your specific location as all minerals are not created equal. Consider "low risk of development" acreage available to local operators vs. "high risk of discovery" to them and you will find >20:1 lease ratios. And that is just a known science ratio and doesn't consider social and political implications that abound in your county.
Much more important than lease bonus is the way in which the pie is divided when minerals are produced. Do some research on lease terms and the bonus bonus will become insignificant by comparison. Bakersfield has many independent geologists. Spending an hour with one would be the best research you could buy.