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doc03

(39,092 posts)
7. I leased my 1/2-acre property where I live for gas drilling about 12 years ago.
Thu Oct 24, 2024, 09:00 AM
Oct 2024

I signed a 5 year lease for $3000 and a 5 year extension for another $3000. They completed drilling and fracking a well under my 1/2-acre lot in late 2022. I received royalties starting in October 2022. The last part of 2022 through 2023 I received a total of $3900. The checks have rapidly diminished where this year I have only received around $500. So far on the 1/2 acre I have received around $10500 total. Early on you get a nice check for a lease and royalties but the royalties drop rapidly.
I have another 2/3 acre of ground a few miles away, so far I have signed 3 5 year leases on it for a total of $9500. They still
haven't drilled that property. As you can see if you have a small farm you are now a millionaire and sadly most are Republicans now..

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