Offer from Blake Production for Dewey 22-17N-15W NE seems low-- $150 per NMA at 3/16th. Thank you in advance for comments.
In general, leasing bonus offers this are lower than in previous years. All about competition and what the market will bear.
Lease offers are not public, but pooling orders are. You can take them as a general guide for sections near you. Section 25 & 36 were pooled in 2021 for $225 1/8th and $15- 3/16ths, so your offer is reasonable for the area.
If you have not leased in a while, it would be wise to get a good oil and gas attorney to look at your lease draft for possible edits. If you do not want to spend the funds on an attorney, you can wait a bit for the pooling and take the highest royalty offered then. You should have already gotten mailed packets for the early hearings for increased density and the horizontal wells. Blake is the operator.
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