Recently received verbal inquiry to buy, another to lease approx 210 net mineral acres. Anyone have insight into leasing bonus and appropriate length of term for this area?
Murry, I know that acreage in 8N-61W was being leased at the beginning of the year for $3000/NMA with 20% royalty and 3 year term. The Weld County Clerk and Recorder’s office shows several leases with Mallard Exploration recorded this year with 3 year term and 18.75% royalties in 8N-62W (not sure what lease bonus was paid). Bison and Verdad appear to be active in 8N-61W so might also be interested in leasing in your township.
With that much acreage you will be in a good position to get top dollar.
Good luck! Matt Sands Mineral Rights Podcast
Matt: Thank you so much for your input!