Been a while since I have seen any offers on this but here is what I received this week.
$675 per nma 3 yrs with a 2 yr option to extend .25 royalty
1/4 royalty is acceptable but $675 seems quite low since I received $700 in 2006! Just wondering if this is anywhere close to anything nearby?
This link https://gis.rrc.texas.gov/GISViewer/index.html?api=49534201 will open the RRC’s map viewer on a section with a hz well which shares your south section line. There are multiple hz wells permitted a two miles west of your section. Use the magnification bar on the left side of the map to slightly reduce the magnification to get a better bird’s eye view of what is going on in the area.
Failed to include in my original post that this lease offer is for the following: Below the base of the Wolfcamp down to the base of the Woodford
Who sent you the lease offer?
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