We have 255 acres in Sugar Creek. What company is your 40 acres leased with?
We were leased with KCS and thankfully it expired July 19 at midnight.
We have been approached by Continental Resources for $1,250 per acre for 3 years with 25% Royalty. They are insisting on keeping the 2 year extension clause in the lease that would require them to pay us the same terms if they choose to extend for two years. 5 Years is a very long time and who knows what the per acre rate will be in 3 years...so we are deciding what to do as a family.