I have recently been approached by a landman offering a 3 year, 3/16 royalty lease with signing bonus of $200/net acre. Interest in this area had gone dormant after a 2013 lease had expired with no drilling. Anyone aware of a general revival of operating company interest in this area? Would like to pursue any other offers. Thanks in advance!
For more accurate information, you should provide the complete legal description.
Thanks. Full description is Beckham Section 32-11N-24W. I thought that a general description was sufficient. Any help appreciated!
There are quite a few townships in Beckham that start with 11N, so we needed the Range.
Yes, there is increased interest in drilling multi-unit horizontal wells.
Thank you Ms. Barnes. Appreciate your pointing out why range is necessary. I have been a longtime reader of the Mineral Rights Forum, and have benefitted by using some of your coaching tips on negotiating leases. Thanks for contributing!
This topic was automatically closed after 90 days. New replies are no longer allowed.