I was contacted today about leasing some minerals in Section 11, T-14-N, R-52-W. Terms sure are low.... 5 years, 1/8 and $25/acre. Anyone have any idea what the going rates are in this area?
Would like to know more about your mineral interest in Cheyenne County.
We are hearing $100 / net mineral acre and $150 as the lease extension bonus. We may be in a slightly different area though.