I haven’t every received any check from Roger Mills, then in the last 2 months, I have been offered big lease deals for this Section Township Range. in Roger Mills for SEC 7-15N-23W
I’m wondering if there is a new discovery or potential new big discovery in this area. What other activity is there and how much potential is it?
We got offered a 3 year lease for $1,850 per net mineral acre. Is that a good offer?
Welcome to the forum. Suggest that you read through the Roger Mills threads to get caught up on activity
The bonus offer goes with a royalty, so the $1850 without the royalty (such as 3/16ths) is not very helpful. I always ask what they are offering for 1/5th and 1/4. I would rather have the highest royalty as the bonus is insignificant compared to the royalties from one or more horizontal wells.
There is a horizontal well drilling or about to drill just a mile away from you. That is why you are getting offers. Crawley, Upland and Mewbourne are active in the area drilling for the Cherokee. There is a lot of potential, so proceed carefully.
If you have not leased for a while, you need to have a good oil and gas attorney review the draft lease as it is not in the mineral owner’s favor and needs significant edits. The Mineral Help tab at the top is a good reference as is the following.