Replies to This Discussion

Permalink Reply by Iris on June 1, 2024 at 10:14

Thank you, Les, interesting to know that property nearby and in same  unit is still looking to purchase or ?? new leases. When we leased 2years  and maybe  three months ago, gas was pricing high.  I opted for higher % but lower leasing bonus.  Since pricing went down from then I and we have received no royalties.  Now at my age I would have opted for more bonus and less royalties.  But that's me at my age.  There is a clause that will pay me (and other family) 1k an acre if they choose next year and the year after. Good luck on your 25% if that's what you want.  

Permalink Reply by Les on June 10, 2024 at 9:13

USG came up to 22.5% royalty on my 1-acre lot and I signed. Be curious if this suggests there will be drilling soon in this section.

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