The state has a minimum royalty requirement of a quarter. Bonuses are usually a little above what is offered to private mineral owners owing to the public notice concept of the bid process. We don't tend to keep up with the monthly auctions like we used to but there have been a number of bid tracts well within the established boundary of the Haynesville shale in the last few months.
Brownie
Thank you for your reply.
Oct 31, 2013
David Crockett
At the state lease sale on Dec. 3, 2021 I saw that 130 acres was leased by Cypress Energy Corporation for $2,800 per acre, with 25% royalty
Dec 9, 2021
Skip Peel - Mineral Consultant
The state has a minimum royalty requirement of a quarter. Bonuses are usually a little above what is offered to private mineral owners owing to the public notice concept of the bid process. We don't tend to keep up with the monthly auctions like we used to but there have been a number of bid tracts well within the established boundary of the Haynesville shale in the last few months.
Dec 9, 2021