I have minerals in Sec 29 and 32 T17N R26W and Sec 6 & 7 T16N R26W. Currently leased to Chesapeake, but will be expiring in a couple of weeks. I think they are interested in releasing. Does anyone have an idea of what is being offered for bonus? I keep getting offers to buy my interests for $2500 per acre. I'm not interested in selling, just wondered if there was a play near here.
Thanks,
Heather
No wonder they wanted to buy, read this pooling and see the lease options they were ordered to pay. If you has not leased let me know and and I get you so more info.
That is very interesting. I am not well versed in the pooling laws as I should be, but think I understand the ruling. If a lease agreement hadn't been signed than those that are pooled can choose from the different combinations of bonus and percentage? For example $2500 with 1/5 is on of the choices?
I do have an option with a company for $700 and 1/5. Just agreed to it. If the option isn't excercised I may have to hold out for more. It was a different company than Chesapeake. They were balking at the 1/5 percentage and $500 bonus. Thanks for the info.
Ron McKenzie said:
No wonder they wanted to buy, read this pooling and see the lease options they were ordered to pay. If you has not leased let me know and and I get you so more info.
If you get out of it I will explain how the pooling works. In an active area we always wait for the pooling.