Chesapeake Offer

$200.00 - $250.00 per acre is what most are offering in the area. This amount will stay in that range until a proven play happens in the area. Some will offer the gas tap for a home and some will not. All depends on the operator. Oil or natural gas makes no difference in the lease bonus per acre or % royalty to most operators in what they are offering. 12.5% before deductions is the norm right now, but have heard of more. If they have told you they are not interested in natural gas then have them write the lease for oil only and see what they say.