Just got a call today from XTO wanting to renew a lease that ends soon on 10 net acres in Marshall County OK. They’re offering $600 / acre. Is this competitive?
Thanks!
I would take no less than 9/40th's(22.5%) and a $1500.00 bonus.
What Section Township and Range?
We received $1760.00 for 5 years of funds on 15 acres, so far. No interest pay & no bonus signing pay either. This sounds like a lot of baloney... Thompson 1-31h