Rookie Question

OK. I think I understand what getting paid for net acres means. However, the guy who sold that 21,000 acres east of wetzel got 1000 per acre REGARDLESS of what interest he had in any one acre. Has anyone heard of people getting lease bonus's like this or is it always the net acre figures..as an example

 

1. 100 acres plus 50% interest in minerals equals 50 net acres. Bonus of 1000 per acre would give the mineral owner $500.....? Is that how it goes and is it ALWAYS like that or are some people leasing and getting what the guy with the 21,000 did?

 

 

 

 

 

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Permalink Reply by gasoholic on August 24, 2011 at 12:07am

50% interest of 100 acres = 50 acres

Your bonus for your net 50 acre interest at $1,000 per acre would be $50,000..... not $500

Permalink Reply by Jim White on August 24, 2011 at 9:24am

Sorry. I meant $50,000. It was late at night when I wrote that....:))

Thanks

Permalink Reply by Patrick DeBerry on August 24, 2011 at 10:14am
Note to self rookie- Don't sign your lease late at night (:
Permalink Reply by Faith Johnson on August 24, 2011 at 10:19pm
Thats funny i agree!!
Permalink Reply by Patrick DeBerry on August 24, 2011 at 10:39pm
Dang Faith- Your sig is a whole lot easier to look at than that ole sad face Jim's. That's why I didn't use my picture (: Thanks for joining in.
Permalink Reply by James Kerns on August 27, 2011 at 11:38am
LMAO, Me 2, I have a face for radio as opposed to movies, no thumbnail photo submitted!

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