I just received two letters offering to lease my mineral acres in Beckham county, sec's 31 and 32, 11n, 21w.
The letter came from Plainview Oil Company, llc. Norman, Oklahoma.
Their offer to lease was:
no cash bonus with 1/4th royalty for a term of 5 years.
Their offer to buy was for $950 per acre.
Is this a good deal?