What is a fair price (bonus per acre, plus royalty) for a 5 yr. lease in Shelby County, TX?
Wesley,
It would help if you would state the legal location(Abstract, Section, Block) of your minerals in Shelby County.
Location in the county can make a big difference.
Thanks,
Clint Liles
All I know right now is, it is part of the Nathan Davis Survey, A-147 in Shelby County.
I think it is section 49(?)
Wesley,
When asking about your minerals state the A-147 and it is easy to find on the GIS Map. Your minerals are in a prime area of Shelby County. I would say to start with at least $750 per acre bonus money/25% Royalty and no more than a 3 year lease. And make sure the lease states that you will not be paying any part of the processing gathering, treating, compressing dehydrating, transporting and marketing charges. I was going to check on the production of some of the surrounding wells but the RR Commission website is down for maintenance. I can do that later. I think Haynesville Shale is the targeted formation in this area.
GIS Map of Shelby County A-147:
CLICK ON MAP TO ENLARGE
Clint Liles
Thanks for the info. Any other info. would be greatly appreciated. What is the website you are referring to that is down?
Wesley,
It's the Texas Railroad Commission website. They are the overseers of the oil and gas business here in Texas. They have nothing to do with railroads. And no, that doesn't make sense to me either.
http://www.rrc.texas.gov/about-us/resource-center/forms/rrc-online-applications-maintenance
Sometime tomorrow I'll check on some of the wells around your minerals acreage and get back with you.
Friends request sent.
Clint Liles
Recent offers (within past 60 days) began at $150 PAB, escalating to $225 per acre. As of now, we are in negotiation with the operator.
Buddy Cotten
Wesley,
Check your inbox for messages.
Clint Liles
Thank you for the info. I appreciate it.
Thank you for the info. Learning all I can.
I was wondering if there was any information of John & Elizabeth Bradley Survey, A-45, Shelby county. We received a lease agreement and wonder what going rate is for bonus and royalties. And any other information.