landowner

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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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on December 2, 2018 at 10:47

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.


landownerPermalink Reply by Steve P on December 3, 2018 at 9:42

well, $125/ac is pretty darn modest.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on December 3, 2018 at 9:47

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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