Info on Ten Mile Project
a family member has land in Union County, AR. Recently approached for an O&G lease that was very, very modest. Anyone else in Union County aware of this activity, any info on the Ten Mile Projec is appreciated.
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Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on -
Steve, this is a duplicate post on the Main Page, Shale Related Topics. The discussion needs to be in the Union County Group. I would expect any lease offered currently in Union County to be modest considering there is nothing other than the traditional shallow oil interest.
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Permalink Reply by Skip Peel - Mineral Consultant on
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And quite possibly appropriate depending on what you are leasing. The days of "all depth" leases should be over for any savvy mineral manager. Personally I would consider accepting a lease at that bonus per acre for shallow rights as long as the other lease terms were acceptable.
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