Oil & gas discussion group for those interested in Payette County, ID. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Oil & gas discussion group for those interested in Payette County, ID. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Hello, I was wondering if anyone can clue me in on what the average royalty rates are for an oil & gas lease in Payette County? We've been approached by several companies and they're all offering 1/8 for our 180 acres. Has anyone already signed a lease that wouldn't mind sharing some info? Thanks in advance!
By the way, we were offered $50 per acre for 180 acres...
Is there current leasing activity in Payette?