What is a reasonable offer for mineral rights in Richland County MT. I currently have 2 different companies making offers, and I’m not sure either is fair.
You would need to give the section, township and range as offers vary due to location and potential reservoirs. Also mention whether the offer is for a sale or for a lease. Read through the posts in Richland County. Your answer may already be there.
Thank you so much for your response. These are the Sects. 26N/57E/10S2S2, NESE and 26N/57E/15N2Ne, SENE. Where do I find the posts for Richland County?
To find the Richland County, use the Counties tab above and pick the Oil and Gas Counties, scroll down to Montana and then pick Richland County.
I do not see any current leases i section 10 in the last two years. Kraken has picked up leases ranging from .125 to .19 royalty. The bonus amounts are not public.
Kraken has permits for multiple wells in 2/11 and 22/27/34 just to the south of you. So activity is picking up.
We have been approached by Kraken and their initial offer is for 3/16 royalty. Lease is located in township 23N, range 59E, Section 5. Does anyone have and information on what is the current market. thanks