Is $250/acre lease bonus for 3/16 reasonable in 35-11N-11W?
It seems to be the going rate at this time….
I always ask what they are offering for 1/5th and 1/4. Not always available, but good to find out. I prefer a higher royalty. If you are new to leasing, it is wise to get a good oil and gas attorney to look over the draft lease. Most of the ones I have received are not mineral owner friendly and require quite a bit of negotiation for more favorable clauses.
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