Just offered $500 and 1/5th for 5 years in Rusk Co

Texas Mineral Rights Rusk County, TX
1

My thoughs were 5 years is a bit long and I'm quite sure 20% is on the low end. Anyone else have experiences around A-21 in Rusk Co?

Thanks in advance,

Mike

2

THREE YRS IS THE CURRENT MKT BUT IF CAN WAIT YOU SHOULD ASK FOR 750/AC OR 25% TO

OFFSET THE YRS SIZE OF YOUR TRACT WILL HELP TO DETERMINE BONUS , IF YOU HAVE OVER 300/AC

YOU MAY REQUIRED LOWER YOUR OFFER ,

I AM ASKING

3

Thanks for the reply. They said it was $300 but wanted to forego the 2yr follow on and just do it all at once for $500. Also tried to go 25% and it's a no go... Still have a little time to see what happens. Only 12 net acres

4

IF YOU NEED THE ADDITIONAL 200 TAKE THE 500/AC BUT I WOULD HOLD FOR 3 YRS , YOU MAY A MUST BETTER OFFER AFTER 3 YRS

Mike L. said:

Thanks for the reply. They said it was $300 but wanted to forego the 2yr follow on and just do it all at once for $500. Also tried to go 25% and it's a no go... Still have a little time to see what happens. Only 12 net acres

JOHN SAID :

YOU HAVE VERY LITTLE LEVERAGE WITH ONLY 12AC BUT HOLD TO TO THREE YRS BUT IF YOU NEED THE ADDITIONAL 2000 THE THE 500/AC

5

Hi Mike

I just received same offer from Sendero Resources Thomas McDonald Survey A21. Was your offer from the same.

Did you proceed with your lease?

Thank you

Patty

6

Yes Patty we did proceed and sign the lease. Brett Halfman was the landman we dealt with.

Best Regards,

Mike

Patty Stritz said:

Hi Mike

I just received same offer from Sendero Resources Thomas McDonald Survey A21. Was your offer from the same.

Did you proceed with your lease?

Thank you

Patty

7



Mike L. said:

Yes Patty we did proceed and sign the lease. Brett Halfman was the landman we dealt with.

Best Regards,

Mike

Patty Stritz said:

Hi Mike

I just received same offer from Sendero Resources Thomas McDonald Survey A21. Was your offer from the same.

Did you proceed with your lease?

Thank you

Patty

8

Thank you Mike, so you accepted the 5 years?

9

Yes... he said they would go 3 but for less $$. Mentioned they were lumping it together and doing 5 to elimnate the follow-on. I'm not really dealing with much acreage so I went with it.

Seems like it may get some drilling activity.

10

We are new to this forum and am glad I found it. The pricing is interesting and we were just offered $300/AC and 20% Royalty in Rusk. Looks like a low ball, so am thinking about going back and ask for $750 plus 21.5% Also, the landman wants a two year extention.

Appreciate any comments and thanks in advance.

11

we also were offered $500 after turning down $300 for three yeats plus two rewenal and 22%

12

Howard, where in Rusk County is your mineral interest located and how many acres do you have? Thanks. Jim Herod