Was offered $300/ac for a 5yr + 2yr option, 1/5th royalty in A-135. Does anyone know if this is normal terms? Seems like a low bonus and long lease but I really don’t know. I noticed on a different thread Silver Hill was paying $1000 for a 3+2 a few months back.
Where in Harrison county is the lease?
I own mineral rights near Harlton and the O&G original offer was $200 an acre and 1/5 royalty.
It may be different on other parts of Harrison County.
My understanding that was pretty much the going rate. I used an independent land man out of Marshall as well as an O&G lawyer as I was clueless on any of this.
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