They have approached me with an offer to lease at $100/acre and an 8th royalty in Marion County. I know that this is a low offer even in the current market, but there hasn't been too much activity before now. Is this a middle/holding company or a legitimate entity? And should I take this offer seroiusly?
This offer is not competitive. Devon, Apache, Pegasi, Bachtell and STM are in Marion County.
I have good news. We have drilled a successful well and have pooled your lease into the unit. The name of the well is the Pegasi – Haggard B #1. We are currently working on the division order title opinion and you will get a division order in the mail and then you will begin receiving royalty payments from the production from the well.
Congratulations!
Billy Denman, CPL/ESA
Land Manager
903-595-4139 office
903-372-5212 mobile
I RECEIVED THIS EMAIL LAST WEEK....HOPE THIS HELPS OTHERS HERE...