Have property in the H and TC ry survey ward county. Are their any companies out their now drilling.
Jerry,
I am not sure what the H and TC survey represents in Ward County, The oil and gas companies usually seek
you out if they are interested in leasing your surface and mineral rights. Their landman will contact you if they are looking for real estate in your area to lease. Bonus money last I heard was in the $2000.00 per acre range for the lease rights however this varies depending on the formations they might want to drill into and the oil companies always want it at the lowest price. There is seismic date exploration taking place in Ward County as they are looking for new deposits of oil and gas and defining new fields. There are several oil companies working the Ward County area.
Regards,
Mike
Jerry,
We recently signed a lease extension for two years with Anadarko in Block 34, Section 171 on a small tract for $2200./nma and a 25% royalty. The landman indicated that they were working the area and expected drilling activity to take place within a year. Who knows...but we were ok with only a two year timeline on the lease.
Hope that helps! Good Luck!
Mike
Can anyone tell me if BLOCK 34, section 98 H&TC Ry. Co. Survey is close to BLOCK 34, section 171?