Leasing West of Norwood

Is anyone aware of any leasing west of Norwood?  I have heard offers are being made for 1/5 royalty and $250 per acre bonus.

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Permalink Reply by Georgene McKnight Giroir on July 31, 2014 at 3:28

Goodrich was leasing recently in the Wilson area for the same offer you've mentioned. As of approximately a month ago they have held up on their leasing activity pending further evaluation of a potential well that is in the near vicinity. That is the information I was given by a representative of Merlin oil 3 weeks ago and confirmed again this Monday, July 28, 2014. He also said that he is optimistic they will resuming leasing soon.

Permalink Reply by Thomas C. McKowen, IV on July 31, 2014 at 3:57

Thanks for the information.  I have recently heard of offers for up to $300 per acre bonus.

Permalink Reply by Georgene McKnight Giroir on July 31, 2014 at 4:15

Thomas, I would appreciate it if you could pass on any contact information you might run across for leasing possibilities. I will do the same if you like. My email address is happygurley@yahoo.com. Thanks

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