5/32 is pretty damned good. My company usually pays 1/8. How were damages?Pretty much its a 2 year lease on my minerals. My cut will be 5/32, they were saying that's high and usually only 1/8. I have a well about 200 yards from me in two different directions. He said that there have been a dozen wells installed and that production should start mid January. He did say that there will be horizontal drilling and I'm assuming that's why they want the rights to my minerals.
Yea thats what I did, although I think that I would have felt comfortable signing last night. I don't think I have much too loose.
I hope this is the case, I'll take a $1,000 a month!! Honestly I don't know how much to expect. A couple hundred a month is still better than nothing.