Elziabeth Wethern
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Elziabeth Wethern's Friends

  • Eric Polansky
  • Skip Peel - Mineral Consultant

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At 7:42 on February 1, 2015, Eric Polansky said…
Good morning Elizabeth thank you for the friend request. It sounds like we have a very similar offer. The size Our land is not very big either .. Ours is 20 acres down by Lake Claiborne. How has this experience been for you? If you don't mind me asking, where are your acreages? I'm not too familiar with The area I live out of state. It saddens me to say I have never been to Claiborne :(
At 18:56 on January 26, 2015, Skip Peel - Mineral Consultant said…

Elizabeth, you can attempt to negotiate on the 4 year primary term and 3 year extension option if you wish but I doubt you will get a sufficient bump in bonus to make it worth your while.  The most important term is royalty and I know some who have gotten more.  I think that 22.5% is acceptable for modest size acre totals  Of course not knowing how many acres you own I can't offer any specific suggestions.

At 15:41 on January 26, 2015, Skip Peel - Mineral Consultant said…

Elizabeth, you'll have to supply some basic information for me to offer an opinion.  How many acres do you own, where located and what is the lease offer.


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