Any one leasing in S10, 08N, 16W? I have been offered $150/acre bonus, 3/16, three years. last lease 2010 for $1000/acre, 3/16. Small tract, 3-5 acres.
J Cram
That might be about right for the moment, but always ask for more. Ask for 1/5th and 1/4th as well. The important thing is to get the right clauses, especially no post production charges whatsoever.
Thanks, made counter.
Just received an offer of $150/acre bonus, 3/16, three years from Regan. S24, 09N, 17W
I made counter on mine, but have not heard from them.
J Cram