Hello, Like several others, I have been contacted by Paschal Energy with an offer of $50/acre and 12.5 royalty for a five year lease with a five year option at 100/acre. From what I am hearing here, this is pretty standard. But I have always thought the first offer was always low and to never accept it? Also, how can I tell were the one he is interested in is located (I have several others, but he has not mentioned them)? It is Sec 10 T14S R47W. Where on the Niobara is this located; he stated it was on the edgeof the field, but how can I tell for sure?
I sent this as an email message earlier, I am new to forums and how to send messages/questions.