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Non-Cattle Specific Topics
Every Thing Else Board
Anyone ever sold their mineral rights?
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<blockquote data-quote="TexasBred" data-source="post: 590909" data-attributes="member: 6897"><p>O&G companies are cutting some of their upfront expenses by lowering bonus payments. Those still active are still paying good royalty rates which is where the long term money is. I good friend had 60 acres unleased and gas company offered them $2,250 bonus per acre plus 23% royalty. Same company called last week and offered them a flat $10,000 bonus for the entire 60 acres with same royalty rate. Several companies in the DFW area I understand have done the same and some have completely dropped all offers.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 590909, member: 6897"] O&G companies are cutting some of their upfront expenses by lowering bonus payments. Those still active are still paying good royalty rates which is where the long term money is. I good friend had 60 acres unleased and gas company offered them $2,250 bonus per acre plus 23% royalty. Same company called last week and offered them a flat $10,000 bonus for the entire 60 acres with same royalty rate. Several companies in the DFW area I understand have done the same and some have completely dropped all offers. [/QUOTE]
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Non-Cattle Specific Topics
Every Thing Else Board
Anyone ever sold their mineral rights?
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