Received a lease offer letter for $75 /ac w 1/6 royalty or $50/ ac w/ 3/16 royalty. Acreage is in 5-16N-5E and 32-16N-5E. Is this offer representative for the area? Is there possible pooling?
Hi JD, yes this offer has been typical for this area for the past year. There was a similar question in this forum, in the same Lincoln County category June 26 of this year.
What quarter in 5-16N-5E?
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