landowner

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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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landownerPermalink Reply by Cynthia Payne on April 2, 2013 at 15:53
$150 is ok but 25% is great!!! I'd take it that's where your money willbe

landownerPermalink Reply by david kenneth merritt on April 3, 2013 at 8:21

THANKS EVERYONE FOR ALL THE POINTS OF VIEW . I DID SIGN A 3 YEAR  LEASE FOR 150 PLUS 25%


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on April 3, 2013 at 8:22

Good luck to ya, david.

Permalink Reply by JMan on April 3, 2013 at 5:35

With only 11 acres you are no leg to bargain with.  Take it or they will simply step around you.  IMO.

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