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

Views: 14

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Comment by Muddigger on January 18, 2009 at 1:17am
Minus the optimism, I would say that Lerret is the landman working the deal against MC Ward and Family
Comment by Lerret on January 17, 2009 at 10:00pm
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.
Comment by Cathaus on January 14, 2009 at 12:58pm
$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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