section 8
I RECIEVED AN OFFER ON 11 ACRES ON ATLANTA MIRA RD. IN RODESSA IN AN 80 ACRE LEASE 150 PER ACRE AND 25% ROYALTIES THERE ARE 5 NEW WELLS WITHIN A 3/4 MILE WALK THAT HIT OIL .MY MAIN OBJECTIVE IS TO GET DRILLING STARTED IS THE 150 AN ACRE WAY LOW ?
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Replies to This Discussion
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Permalink Reply by Cynthia Payne on
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$150 is ok but 25% is great!!! I'd take it that's where your money willbe
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Permalink Reply by david kenneth merritt on
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THANKS EVERYONE FOR ALL THE POINTS OF VIEW . I DID SIGN A 3 YEAR LEASE FOR 150 PLUS 25%
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Permalink Reply by Skip Peel - Mineral Consultant on -
Good luck to ya, david.
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