Current Westmoreland county bonus $ and royalty percentage?

Hello, I’m not very knowledgeable about mineral leases, and, have never really felt the need to educate myself on the matter until now. I was approached by a Landman last week and was informed that our 1.4 acres falls within a proposed drill site in Fayette county (our property is in westmoreland). He offered us, what we feel, is a lowball bonus offer and just above the minimum 12 1/2% royalties minus our share of the post production cost. Can someone give me any sound advice on what a fair bonus $/acre would be? Do I have any negotiating opportunities considering the fact that our property is only 1.4 acres? Thanks in advance for any opinions/thoughts.

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Permalink Reply by BW_Appalachia on September 18, 2018 at 12:00am

I'm sorry, but you're not going to get anything near $7,500/acre in this current environment.  Ten years ago, sure.  Today in the heart of Greene County, possibly.  

Permalink Reply by farmgas on September 12, 2018 at 7:34am
James, which gas company are you working with and where is your location?
Permalink Reply by James willIams on September 16, 2018 at 2:35pm
Chevron...and I’m in Rostraver township, about 1/2 to 1 mike from the Fayette County line.

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