What is the average lease bonus in Desoto?

Is there alot of leasing going on in Desto this year and what is the average lease bonus price?
I have heard Cheasepeake is not renewing leases or leasing very much right now?

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Permalink Reply by Skip Peel - Mineral Consultant on November 16, 2011 at 12:48

Few companies are offering leases unless there are unleased acres in a section/unit which they are ready to develop.   Usually those are modest size mineral interests which are not required to be under lease for a company to commit capital to drill.  In those cases, I would expect a bonus offer of $1,000 to $2,000. 

Permalink Reply by Tracy on November 16, 2011 at 13:32
Thx Skip, that confirms what I have been hearing.

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