Just talked to a friend of mine who was contacted by a landman looking to lease some of his minerals located in southwestern Anderson County. The landman confirmed that he is leasing for Expand (formerly Chesapeake). Finally we have confirmation of what has been rumored for months!
Initial offer was $750 bonus and willing to do 25% royalty. Said he could go higher on the bonus money.
The landman also stated that he was calling from Midland and didn’t even know where the mineral tracts were located…said he had been pulled in on short notice because Expand knows they are competing with Mitsui (Vanna Production) and want to get as much leased as quickly as possible.
Looks like the land rush is on!