I am new to this, having just gotten two leases with continental. Can anyone tell me how long it usually takes to get paid ? Also, has anyone heard of any activity in sections 5 and 8? I am getting some great info from this forum!!
Diane. what Section Township Range are your leases in? If and when they start to drill, it could take up to a year before you see any money from it. Welcome to the forum. You will learn a lot more form others more experienced then myself. Always learning. Join groups in Stephen and Garvin Counties as well. Regards
Diane, if you are talking about your lease bonus money probably 4-6 weeks. Any longer and I would call them.
Yes, that is what I'm talking about, thanks! The mailman probably thinks I'm stalking him!!
Hi John,The Continentql leases are in Section 6-4N-6W and just started about 3 weeks ago. Another is in Section 30 4N 6W and Section 31 4N-6W. I own 200 acres in section 5,3N-6W and Section 8 3N6W, but I have not been contacted by anyone on those and didn't know if anyone had made it that far south yet.
John Tennison said:
Diane. what Section Township Range are your leases in? If and when they start to drill, it could take up to a year before you see any money from it. Welcome to the forum. You will learn a lot more form others more experienced then myself. Always learning. Join groups in Stephen and Garvin Counties as well. Regards
Diane what was the lease bonus and royalty? We also own in Sec 30-04N-06W
Hi Brian, the lease bonus was 500 per acre and 3/16 royalty. It was the first offer we've had in many years so we took it. I've had a couple of other offers up to 1250 with a 1/5 royalty, but for another section and a much smaller area. This was in early January.
Brian Stamps said:
Diane what was the lease bonus and royalty? We also own in Sec 30-04N-06W