Thanks Jeff............when you say 'gross', i'm assuming the 17.5 % is off the well head. When we signed 7 years ago, that's what we insisted on. Who knows what costs they might throw in otherwise.
Your mileage may vary, but we've been getting between $4K and $5K per acre on the signing bonus and about 18% gross proceeds on the royalty lately. It kind of depends on the company you're dealing with and whether there's any competition in the area.