is $125/acre with a 1/6 interest in production on a large tract laughable? have recently had this offer

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Anybody know of any leasing in Downsville. I talked to a landman who offered 250/acre 1/5 5/5 yrs. We passed thinking something may be coming in the future. Any help would be appreciated.
Just recieved email that land East of Bernice (Shilo area) leased for $300 acre/3 years. Offers getting better.
Thanks for the information. Do you know who is leasing besides Pinebelt?
I have only heard of Pine Belt and don't know what oil/gas company they are working for.

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