Leasing Offer in Marion County

Many years ago, our Church was given a mineral interest in some land in Marion County.  Our interest is  2.16+ net acres out of a 285.50 acre tract..  A landman has offered a 3 year lease at $150/acre and 3/16 royalty.  What is the wisdom of the group on this offer?

Thank you.

Butch

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Replies to This Discussion

Permalink Reply by waylon buckland on November 5, 2013 at 5:29pm

butch they are paying 200.00 per ac for 3 years.with a 2 year option for 200.00 more 1/5 royalty 

contact jeff mays in atlanta he will get it with one phone call. or you have to do to get it is to ask.

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