Marcus Aurelius and Lease Bonuses

"My buy it now price is $1000 per acre and 1/4 because that's what my cousin got from Newfield in 2N-4W." 

Begin each day by telling yourself: Today I shall be meeting with interference, ingratitude, insolence, disloyalty, ill-will, and selfishness – all of them due to the offenders’ ignorance of what is good or evil... 

-Marcus Aurelius, Meditations

The value in real estate is in the location and oil and gas mineral rights are no different. Being in the same state is not a valid comparison, being in the same county in not a valid comparison and sometimes even being in the same township is not a valid comparison. Having a reasonable idea of comparable lease prices will make you a much better negotiator. Asking for triple the price ensures you won't get leased or you will get force pooled without the clauses of the oil and gas lease to protect you.

More to follow,

Berlin