Would like to know if anyone has signed new leases in Township 1 South, Block 31, in Howard County in the last year. Would you mind sharing lease bonus amounts per acre? Does anyone have a good sense of what the “going rate” for leases should be in this township now? Thank you.
1 Like
Hi, we have recently been offered $4,000 and 25% lease in Block 31, Township 1 North, Texas and Pacific Railroad Company Survey, Howard County, Texas. What are you seeing? Thank you.
Nothing yet. Our land is under lease, expiring in August. The current leaseholder says it will drill a vertical well to hold the minerals if we don’t extend the current lease. So, everything is on hold. Will update when I can.
1 Like
Interesting negotiation from the operator—the AFE is slightly less than $10 million. Who’s the operator on that section?
My family has mineral interest Township 1 South, Section 3 Block 33 but haven’t received any information or request for lease. How can I get any information on this, as if there are any leases close to this area? Thanks for any information.
We signed a lease in January for $5,000 per NMA and 25%. We’re in Township 1 South, Block 32. We have also received an offer to buy our rights for $5,750. Hope this helps.
1 Like
Yes, thank you very much!