If you get a lease in the mail that is like the ones you have been getting the last 10 or so years, you better think twice before you sign it. I signed a lease, and a week later got another one that was over 3.5 times as big. It cost me a LOT of money. If you get any lease, call Land Services 405-485-3800 and check with them to see if they are leasing those minerals. They have been giving $450 an acre in a bunch of sections. The game has changed completely in these counties. I have another outfit trying to outbid the Land Services bid of $450 for a lease in Cleveland County! I am not sure what is going on. Maybe some of the big time drillers are going to be showing up shortly, who knows but this is real. I just want to be sure all of you know this is real and don't miss the money you should be getting. If you get a lease, I would wait at least 10-14 day before you sign it. There are some people front-running the big lease that is coming your way. Good Luck and I hope I make some of you some money!
$500.00/acre and 1/4 is common in McClain County.
Any 1/4 offers I have seen are zero bonus.
Just got my bonus today for 8 6N 4W
Is that where they are drilling deep horizontal wells? So you have seen lots of 1/4 with decent bonuses in the past, or just recently?
The past year. The least I have taken in the last two years is 22.5% and $1400.00/acre.
Are you waiting and getting pooled , or just signing a lease for that? What outfit have you been leasing to?
Tom Ed Moore said:
The past year. The least I have taken in the last two years is 22.5% and $1400.00/acre.