Hi John,
I have received an offer to lease in Section 16-4N-6W with three different terms. They do not have an operator yet; they are leasing for their own account and they are out of Norman, OK.
Can you share with the group what terms you have been seeing?
Sure,
$1600, 3/16, 3yr with 2yr option to extend
$1000, 1/5 same terms
No Bonus, 1/4 same terms