We received a mineral lease proposal from Dakota Energy for T163N R98W in Divide County. It is a 3 year lease with a 2 year option at 17% royalty and $200 bonus. What are the prevailing terms in this part of the county?
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In February 2025 we signed a lease: oil & gas only, other minerals reserved to grantor, 4 year, 19.5 percent, $650 per acre, all in Divide County. I’m new to these issues but I would guess the operators that are active near your land may provide the best terms.
Do you mind letting me know what township was that lease for? The lease terms vary considerably within the county depending on activity; 2-3 years ago some parts of the county were dormant and now multiple rigs are popping up.