Has anyone heard of any landowners negotiating paid-up leases with a delay rental of $8,000 to $10,000 per acre? In the last week I've had two people speak about this, one of whom is a small business owner who operates a pipeline company in the Hickory area.
I know that landowners in the Barnett have received very generous delay rentals over the course of the gas boom in TX, some of which reached well over $20,000 per acre, but I haven't yet seen anything in Washington Co. that has shown per-acre payments of over $5,000. Rumors circulate, but could this hold true?
Landowners in this county should not settle for drilling companies' offers of $1,000 to $3,000 paid-up per acre and royalties of 15% to 17.5%. These companies are getting off cheaply and most landowners are leaving big money on the table!
just exactly how does the delay rental cost clause cause you to lose your money?