Has anyone dealt with TODCO PROPERTIES? Have lease offer from them for $250 ac for 3 years,3/16 Oil &Gas.
yes
leasing for devon
db - thanks! Devon seems like reputable company -however when I asked landman from TODCO whom he represented he never mentioned. Does offer seem reasonable?
I received a lease from TODCO PROPERTIES back in May for SEC 10, T15, R1w, for $102 ac , 3yr, 3/16’ but am waiting for a better offer. Sounds like $250 is moving in the write direction, good luck.
250 for that area... at this time is good
Todco is also doing some leasing in 15N-1W and also Tetra Energy. Has anyone have any contact information for these two companies since there are several forum members including myself that have not had any luck locating them since we have mineral interest in the area.
i would stay away from tetra ,their leases are to no good and complex
i will post contact info later
db Thank you for the reply and will look forward for further information.
The highest I have seen in N. Logan County has been 800 per acre and 20%. Make sure you address the SWD well also in your lease. You want to know what they will be paying you per bbl, 10 cents a bbl is the highest I have heard of. Also surface damages. Personally I would only lease to Devon. They are state of the art environmentally, and put in lined tank batteries and quality surface equipment.
Appreciate your suggestions! Thanks! Sorry to ask a silly question- what does SWD stand for?
Salt Water Disposal SWD.
contact robert turner,,leasing for todco/devon....he also used to work for devon,,,,,,,405-850-9639
db Thank you for the reply and will look forward for further information.