Looking for information or knowledge about Upton NMA offers
It will depend on your lease royalty. If leased at 1/8th, then probably around $8-10K/NMA. If leased at 1/4th, then probably around $16-20K/NMA. There’s already some current production from numerous horizontal and vertical wells, so that may decrease the value some.
Thank you for your response. That is helpful information.
Specific questions always draw input that is far more useful. Do you have specific questions?
It can vary wildly depending on the specific location. Would really need a section and block number to get an idea of leasing and production activity in a given area.
It is Section 11, block 39, Upton County