Totally ignorant of lease offers. I own a portion of 1500 acres of sections 29, 30’ and 31. I recently received an offer of 50 per acre plus 1/6 royalty. So are these in line with what the value is in today’s market? Thanks,
I moved this over to the Platte county, WY Category where is will hopefully get more traffic. You need to add the Township and Range to your question.
Thanks for the help. the region is Township 20 Range 65. Also is there more I should look for in an offer besides a non-deduction clause?
I am not an expert in WV leases, but in OK, we look for no post production costs, limit the shut in time frame, have a commencement of drilling clause, do not warrant title, do not accept a top lease clause, and a few others.
New to this forum but also just received an offer in Platte County, Wyoming
TWP 20N Rge 65W Sect 7
$50 NMI 5 yr w 3 yr ext 17.5% royalty.
Not much activity on this board in this county. Wondering if this is a fair offer?. Does anyone else have any other offers?
This auction had $504 a bonus acre on a recent government sale. Did you already lease?
There were several parcels sold for up $115-504 bonus in nearby areas in this government sale last November: https://www.energynet.com/govt_listing.pl?sg=4968
Did you already lease?
Thanks for the info. HAve not leased but still in talks with 2 separate land men.