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Question
i have been contacted by a landman wanting to lease our mineral rights. The property was sold in 1984 but our family retained the mineral rights. This is in Anderson county,Texas. He has offered $150.00/ 1/5 royalties. None of are family live in Texas so how do we find out what the average price per acre is going for. Also how do we know if this is on the up & up. Thanks Pat

Answer
The only way you know if this is legitimate is if the check for the bonus payment clears the bank.

As for the bonus amounts - $150 is the highest I've heard being paid in Anderson County with 16.67% royalty.  If you can get those numbers then I'd take them.

The check will probably clear.  Google the company name and see what comes up.  

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Cliff Williams

Expertise

I will try to answer any question you have. Even if I reject a question, I still will give a shot at what I would do in your position. The only questions I will not take a shot at would be a highly technical engineering or geological question. I am beginning to see quite a few questions from land men and other oil companies and that doesn't matter to me either. I will attempt to help.

Experience

I am an oil and gas attorney that has been in the business for more than 20 years. I have held a series 22 and 63 securities license, been in oil and gas operations, land man, division order analyst all prior to obtaining my law degree. Today, I typically write title opinions verifying ownership of oil and gas minerals, assist landowners in negotiations on oil, gas and mineral leases, easements and conveyances. I also assist oil and gas companies with the sale of working interest ownership as well as common business law issues.

Organizations
State Bar of Texas, Member of the Tarrant County Bar and the Dallas County Bar Associations.

Publications
Multiple oil and gas topical columns on ezine.com.

Education/Credentials
I have a B.S. degree which I rely upon more than my Business Mgmt degree or Law degree...

Awards and Honors
Husband and father of 26 years

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