What is the average lease bonus in Desoto?
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 -
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.
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