Yes to lease sorry should of mentioned that. It looks like the city of wheeling was able to get $6000 per acre and a 18.5% royalty for over 300 acres. Appreciate the quick reply
I would suggest you worry more about the terms of the contract than the bonus. I prefer a lesser bonus payment with NO Deductions and other favorable clauses.
I understand. We have negotiated 18% royalty with no deductions and our oil gas lawyer has double checked the fine print
just curious about bonus amount per acre. Thanks
I used to think that way but almost all my gas lease income has been from bonuses, next to nothing from royalties over 8 years. The bonuses have been significant.