We've gotten an offer from USG Properties.  Anyone else hearing from them? We're in North Caddo.

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USG has been underwriting several operating companies in townships 17N-16 and 15W and 18N-16 and 15W since early 2018.  First Comstock and then Trinity Operating.  This is the first I have heard of the company seeking leases in its own name.  Previously they have relied on land companies and speculators.  For that reason I suspect that this is not a wide leasing effort but more likely cleaning up some open acreage ahead of plans to drill.  If that is the case and you have a significant number of acres, you may have some negotiating power.  If you own a modest acreage, you might want to just make sure you have a good Exhibit A and try to get the best royalty fraction you can.

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