Current Lease rates in Section 362, Yoakum County TX


#1

Does anyone know the current lease rates for the W/2 of Section 362, Yoakum County TX?


#2

We leased Section 500 for $400/ac, 1/4, strictly no deductions, with strong depth clause, shut-in and commencement clauses.

Christine


#3

Thank you Christine.

Sim Walker

303-548-4590


#4

Depending on the number of mineral acres you own somewhere between $400 - $600 per net mineral acre with 22.5 to 25% royalty.


#5

I have an offer for $200/acre for Section 500. I have not responded to the offer. Is $400/acre closer to market? any drilling activity in this area? any lateral plays?

thanks –

Lee


#6

We recently signed a 24 month extension in Sec 500 for $400/acre and 1/4 with no deductions, if that helps.

Christine


#7

Thank you Christine.


#8

$750 per acre is what i would ask for


#9

Everything is negotiable.