re: Oil & Gas lease offer for a recreational property in SW Miss. - what to look out for

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bonus payment should be at least $100/ acre for the effort and consideration with 1/5

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Appreciate the advice. Honestly, we're not talking about a lot of acreage, and I've only got 50% mineral interest in that. The difference between $50/acre and $100/acre is only about 3 grand (which is not nothing, but not much in the scheme of things). The difference between 3/16 royalty and 1/5 (or 3/15) doesn't seem huge either. Getting an attorney is always good advice, but with the small amounts we're talking about, even a cheap lawyer will likely eat half my bonus in fees. The contract they provided does provide protections against damage, etc. They'd have to pay me for any lost timber, for example.
I will check with my neighbors to see if they're getting any offers.