We have received several lease offers for our 10 min acres in sec 16-6N-2W with terms of $200/acre and 1/5 royalty. BP is planning a well called Murphy 6N 2W 16 1HX. Are these bonus terms low. I live in Colorado with no local contacts. Also new to this group.
Did you receive notice of the OCC Pooling application in CD 201708016? There was testimony of fair market values in the hearing.