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You should be able to get a 25% royalty and a larger bonus. SEE an O&G Attorney before signing anything. The royalty percentage is significantly more important than the leasing bonus, although you should be able to improve both sides of your offer.
Don't be in a hurry to sign. Time is on your side--as the play develops around you, you will get a better view of what is there, and how much it is worth. NEVER sign the first lease they offer you.
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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