Options for Leasing in Carbon County

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  • #117
    Marcus FieldingMarcus Fielding
    Participant

    I own mineral rights on about 80 acres in Carbon County, WY. A landman contacted me with a lease offer at $150/acre and 18% royalty. This is the first time I’ve been approached. Does anyone know what current lease terms are like in this area? Wondering if I should negotiate or wait for better offers.

    #118
    David LongDavid Long
    Participant

    That’s on the low side for Carbon County. I’ve seen offers closer to $250/acre with 20% royalty in the last couple years. Definitely worth negotiating.

    #119
    Rebecca AllenRebecca Allen
    Participant

    Don’t rush to sign. Prices fluctuate, and sometimes holding out gets you better terms if activity in the area increases.

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