Oil & Gas Pro

Cost to lease acreage in Central/South Smith County, Tx

Anybody have an idea of what acreage costs are going for in the central or southern part of Smith County?

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Permalink Reply by cccogml on March 21, 2013 at 3:37

Who has contacted you to lease? My grandmother recently leased some property in Smith County, Tx.


Oil & Gas ProPermalink Reply by Randy K on March 21, 2013 at 3:46

Nobody has contacted me.  I have a friend who said a lease broker contacted him about leasing but did not offer a price.  I was just curious what the going rate is, or how much per acre did your grandmother receive?

Permalink Reply by cccogml on March 21, 2013 at 3:49

She actually hasn't finalized lease come to find out, but right now we are at $300.00 and 1/5, and have heard of higher.


Oil & Gas ProPermalink Reply by Randy K on March 21, 2013 at 3:53

Thanks.  I will mention that to my friend.  By the way, she should ask for a higher royalty.  22.5%-25%

Permalink Reply by cccogml on March 21, 2013 at 4:04

Thank you, and we will

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