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 :(
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.
As 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