Roger Mills: Le Norman Operating, LLC; Eakins No. 1H-16 Well; SW/4 SE/4 SW/4 SE/4 (SL) of 09-17N-25W; 103.4 barrels oil per day, 437,000 cu-ft gas per day; TD 14,750.
Just received a bonus lease offer for Section 31-13N-25W in Roger Mills Co. $1000. an acre for 1/5, 3 year; or $1300. an acre for 3/16, 3 year - they would not give an offer for 1/4. Is that about right or have there been better offers? They also wanted to add on the 2 year lease offer but that's not a negotiable option with us. Between myself and my 3 siblings we own 20 acres.
Carolyn, I hope someone explains what a "deep rights" lease is. Is it leasing for possible drilling in different zones than what is being produced presently?
Janet There is a lot of new leasing. Here is a completion report for a well in section 7. It has done 40,000 BO and 38,000 MCF of gas up to the end of May 2014.
Roger Mills: Enervest Operating, LLC; Double Wolf No. 1H-24 Well; NE1/4 NE1/4 NE1/4 NW1/4 (SL) of 25-14N-26W; 553 barrels oil per day, 13,326,000 cu-ft gas per day; TD 17,320.