Colorado Lease Offer

Looking for some guidance..

Township 8 North, Range 66 West, 6th PM, Section 20.

Offered $750 per acre at 20% royalty. Declined and then offered $1000 (18.75%) or $1250 (16.67%).

What is a good offer for my area at the moment? Is a 5 year lease with a 3 year option standard?

Steven,

That seems to be in the ballpark. I am in R63W, and offers here are around $800 and 20%.

Personally, I want the highest percentage I can get if I think they will drill a well since that’s where the real money is.

I like a shorter term lease, but since permits can take 2 years the operators are wanting to get longer terms.

Steven, can I ask which company made an offer? I just got a lease offer from RockHill and would like to reach out to other companies that are interested in Weld County, CO

Tim,

Can I ask which company made an offer? I just got a lease offer from RockHill and would like to reach out to other companies that are interested in Weld County, CO

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