I am fairly new to this leasing too. I also got a call from Greenshell on Sept. 28, 2011, and on the phone, they offered me $45.00 per acre and 12.5% royalty.
I got the lease yesterday & it was for $40.00 per acre, for 5 years, with an option for 5 more years @ $80.00 per acre.
I have more acreage in Moffat County, leased for $200.00 per acre for a 3 year lease with option for 2 more years @ $200.00 per acre.
The description is: Township 5 North, Range 95 West, 6th P.M.
Section: 25 Lot 2 (29.98), Lot 3 (41.58), W2, NWSE
I don't know what the Township, Section etc. measurements really mean, but it sounds like yours & mine are fairly close together.
From everything I've heard, (from the guy I've been in contact with where my other mineral sites are) and read here, it's pretty hot back there.
I live in Port Orchard, Washington, so I have no way of knowing what's really going on there.
I was wondering if you live anyplace near there, (Moffat County) that you would have any better idea of what's REALLY going on there.
Thanks for any information you might have,