What are the current going rates for Block 34, Section 64 area for a new lease term/bonus/% royalty in this area—about 7 miles due south of Pyote?
I’m the next section over from you (Section 63). Jagged Peak Energy wants to exercise the optional 2-year lease extension which is $1,000/acre. Not sure if $1,000 is the going rate as this is for an extension we agreed upon when signing the primary term 3 years ago.