Leasing activity in T19N R15W

Am a landowner in Section 10 with approx 4.5 acres. Was contacted last week in June about leasing my acreage for $500/acre signing bonus with a 22.5% royalty interest. Is this a fair offer based on current market conditions? Phone call came out of the blue!

Replies to This Discussion

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on July 8, 2013 at 15:57

It only came out of the blue because you were not following the leasing activity here on GHS, Neil. LOL! Read through the discussions here in the N Caddo Group and catch up. Yes, that is the standard royalty and bonus offer.

landownerPermalink Reply by Neil Ralph Carlson on July 9, 2013 at 0:37

Thanks for the info! Will start following GHS North Caddo so I don't have the "deer in the headlights" look the next time someone calls!

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on July 9, 2013 at 1:38

It's good to be prepared when the landman comes calling. Good Luck.

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