Have y’all received a lease offer recently in Smith County? We have a property just a couple miles NE of the loop in Tyler and were recently contacted by a landman. They offered a $200 bonus and 3/16 royalty on a 3 year lease. It seemed a little low, but I thought I would check on here. Thanks!
Haven’t received an offer, but own some minerals near NE Loop 323 where it turns in the Hugh Wall Survey. What Survey are you in?
We are about 2.5 miles east of the H Wall Survey. F Huddleston, N Jutson, EJ Baker, WJ Gatewood Survey Region
I only own a 9 acre tract in the Wall Survey. Maybe they came to you first to get a lease since you are a larger owner if in all 4 of those Surveys?? Most of that area is Paluxy oil. Paluxy drillers don’t typically pay the best bonus & royalty since finding the sand is so difficult and risky. Do you know who (operator) they are leasing for?
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