Hi, all. I'm trying to find out what current lease offers are looking like in or around Cheyenne Co. I've received a Paid-Up Oil and Gas Lease that offers a signing bonus of $50 per acre, a five year lease, and 12.5% royalties. From what I've found so far, this is in the ballpark, but I'm a little concerned about the 5 year term and that the royalty might be on the low side.
Any thoughts or comments?