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This is an comment I raised on lease prices and the web site for the coalition in our area is
http://east80oilandgas.com/Default.htm
At 3:31am on August 19th, 2008, JWindom Bos2 said…
Hi Scott,
What are your thoughts on the private versus state lease prices and how they compare? I see from SONRIS that there are a total of 157 acres in Webster that are listed on the 09/10/08 sale date. Mostly small tracts, that might be clean up/fill in for production units.
TR 40080 - 17 acres
TR 40081 - 14 acres
TR 40087- 53 acres
TR 40088 - 11 acres
TR 40094 - 62 acres
totals >>>>> 157 acres
I am thinking that armed with state lease prices, one should be able to match that price with a private lease. 23 days until the next sale date.
I am a member of SWAMO.
thanks,
jim
My first offer was $7,500 and the last time I talked with them the offer went up to $8,500. My cell is 623.297.5074, please give me a call and we can discuss. I am in Phoenix, so I believe we are on the same time zone now, it is 8:20 PM local as I send this.
thanks,
jim
I also have land in t19n r12w and I have not leased yet. When did you sign and was the lease with Red River? It appears that they are leasing the entire section.
I also live out of state and finding information is difficult.
thanks,
jim