Archer, I think you are right on about the offers. My buddy who is 10 miles away signed last year for 2800 per and 15% royalty and then the bottom fell out. This has been my only offer so far, so I am rolling the dice by not signing now.Deer archer said:Men 12.5 is the minimum. The highest I have seen is 18%.
The upfront money is nice BUT the royalty percentage is the most important.
We signed a two year deal at $350 an acre... But the royalty is 18%.