Just received another lease offer for Custer County:
Sec. 6, T14N, R20 West .
The company extended the offer are Liberty Minerals. They haven’t listed an amount as of yet however, I am interested in finding out what are other mineral offers being offered in that area? Also, does anyone know of upcoming drilling?
Mewbourne just finished a horizontal well in that section earlier in the year. Were you already leased or pooled?
We were offered $500.00 @ 1/8th or $250.00 for 3/16ths, for 3 years with a 2 year option, in Section 20-12-14. I told them to get the low hanging fruit and then call back when they had a serious offer. Never take the first offer, and avoid options at all times.
Thank you for your response. I have been leased for years from Rock Creek. Why would I be receiving so many new offers? Are there plans for new drilling?
Mewbourne just drilled a horizontal well in section 6-14N-20W. Your earlier lease may have expired. If you did not lease and did not respond to a pooling, then you will get stuck with 1/8th lease. Suggest you contact Mewbourne.
Thank you so much. I ‘ll do that.