My family has received an initial offer on 160 NMA in section 25-19-17, Dewey Co., for $500/ac., 3/16, 3 years. Are these fair terms for the area? We are the surface owners as well. This is the our first lease negotiation and we haven't started any talks as of yet. I would be interested in obtaining copies of the "Exhibit A Clauses" referred to in recent posts by Ron and Susan. Any advice is appreciated. Many thanks.
Ron has some better Exhibit A clauses....but I could forward them to you if he can't.
Thanks Susan. Anything you can provide is greatly appreciated. Also, any clarification of the Pugh clause, and any other clauses that my apply to surface owners. GB
I've sent a friend request....have a bit more info
Can I ask who made the offer?? Just in the past few days I have an offer for the same area I think.....