Signing Bonus Offer
I have mineral rights in DeSoto Parish in Sections 32 and 33,
13N, 15W.
I was offered a $500 bonus for each acre and 25% royalty.
Is this considered a good offer?
MST
13N, 15W.
I was offered a $500 bonus for each acre and 25% royalty.
Is this considered a good offer?
MST
Views: 33
Add a Comment
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Comment by Muddigger on January 17, 2009 at 20:17
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Minus the optimism, I would say that Lerret is the landman working the deal against MC Ward and Family
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Comment by Lerret on January 17, 2009 at 17:00 -
Under current market conditions, the $25,000/acre stuff is gone...long gone and may not return for some time, years. If $500 is unacceptable, then expect to wait a while. You can probably squeeze a few hundred more out of 'em but we have a number of companies who went 'on the ropes' financially from July's peak gas prices to the present time. There will be a lot fewer players in the coming months.
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Comment by Cathaus on January 14, 2009 at 7:58 -
$500 an acre isn't bad as long as they are agreeable to a royalty of 80%!
Cathaus, dreamer of the impossible
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