"I recently leased a 3 acre tract in 15n 14w sec 29 for $2000 acre and 22.5% cost free royalty. I am satisfied with that but have heard of higher amount being discussed on a larger over 30 acre tract. Although previously leased many folks…"
jackie williamson's Discussions
Section 29/ N15/W14 Lease option
18 Replies
I am being approached by Chesapeak to lease In this section - they are only offering $900/ acre and 19% I think this is pretty low. Am I having too much expectation? Continue
Started this discussion. Last reply by Skip Peel - Mineral Consultant Mar 20, 2022.
jackie williamson's Page
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Ben replied to jackie williamson's discussion Section 29/ N15/W14 Lease option"Skip, I’m a big fan and with all due respect, he didn’t write a one-nineteenth royalty on the lease offer. He indicated 19 percent. Quite possible."
Bill R replied to jackie williamson's discussion Section 29/ N15/W14 Lease option"Mine statement is based on the fact that we happen to have two Wells that are very similar in Production, Percentage and cost of Operation... but one is by Chesapeake and the other by another Company.
We do not receive a large amount of…"
Bill R replied to jackie williamson's discussion Section 29/ N15/W14 Lease option"I have but one thing to say on this.... DO NOT TRUST CHESAPEAKE!!!"
jackie williamson replied to jackie williamson's discussion Section 29/ N15/W14 Lease option"Thanks Skip. I will try and get a hold of BPX - but they seem to not respond well. "
jackie williamson replied to jackie williamson's discussion Section 29/ N15/W14 Lease option"According to Chesapeake the BPX lease is no longer valid "
jackie williamson posted a discussionSection 29/ N15/W14 Lease option
I am being approached by Chesapeak to lease In this section - they are only offering $900/ acre and 19% I think this is pretty low. Am I having too much expectation? See More
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- At 7:43 on November 18, 2021,
A Maris said…
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