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Hello Everyone!

We have been approached by 2 companies wanting to lease my mineral rights in Section 7-10N-9W. What is going on in Caddo County?  What are the going lease term rates, royalty rates, and any other information would be helpful.

Thanks!

Carole

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What were you offered?

Carole, 

It looks like land agents are leasing out ahead of a play in Canadian County NE of your acreage.  (Canadian is only a mile North of you)  More important than what you lease for is who you lease to.  There are a couple of major players in the area that will be willing to be very competitive if you have the patience for it.  Wait for the regulatory pooling actions to get a little closer and the terms will increase.  

Gary L Hutchinson 

Good advice from Mr. Hutchinson

Good luck,

Pat

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