2010-03-10T16:09:49Z http://blog.randallfort.com/atom.aspx Quick Blogcast tag:blog.randallfort.com,2009-10-12:9801751c-8a3f-4dd7-8d3b-384659182969 Randall Fort-Landman 2009-10-12T16:17:00Z 2009-10-12T16:17:00Z Oil and gas lease royalty is the share of the oil and/or gas production reserved by the lessor/mineral owner in the lease.&nbsp; The royalty amount is negotiable but is usually set by the person or company offering to lease.&nbsp; The amount typically runs from 12.5% (1/8) to 25% (1/4), with lease royalty&nbsp;offers&nbsp;in undeveloped areas usually being 1/8 and lease royalty offers in developed or competitive areas running from 1/8 to 1/4.&nbsp; The royalty amount, along with the bonus amount per net mineral acre, are&nbsp;two of the main negotiable terms of an oil and gas lease offer. tag:blog.randallfort.com,2009-09-28:601c73cf-7012-471b-ab7d-0e861db43619 Randall Fort-Landman 2009-09-28T17:07:46Z 2009-09-28T17:07:46Z Welcome to my blog. <BR><BR>I am just getting this started but as an oil and gas landman with many years of experience, i thought it time to share some of my work-related experiences and hopefully provide information and answer questions from both mineral owners and from other landmen.&nbsp; You can always reach me at my email address, <A href="mailto:randallfort@msn.com">randallfort@msn.com</A> or by responding to this BlogCast.&nbsp; Thanks for checking in and passing along this site to others....<BR>Happy and profitable LEASING.<BR>Randall