# Deeper well leasing activity in Mitchell County
**URL:** https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448
**Category:** Mitchell County, TX
**Created:** [December 1, 2011, 8:53pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448 "2011-12-01T20:53:54Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Clay\_Strange](https://www.mineralrightsforum.com/u/Clay_Strange)
#### Post date: [December 1, 2011, 8:53pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/1 "2011-12-01T20:53:54Z")
Is there any going on presently?
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [December 16, 2011, 6:41am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/2 "2011-12-16T06:41:57Z")
Hi Clay. There seems to be some activity in eastern Mitchell County currently. There are 3 to 5 companies leasing the land up near Colorado City and Lorraine.
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### Author:  [@Clay\_Strange](https://www.mineralrightsforum.com/u/Clay_Strange)
#### Post date: [December 16, 2011, 3:04pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/3 "2011-12-16T15:04:27Z")
Interesting. I wonder at what depth? Are you out there now or from there, Robert? Thanks for the reply.
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [December 16, 2011, 3:38pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/4 "2011-12-16T15:38:44Z")
What depth? Good question. My understanding is there has been very little drilling in the area recently, but a new well went in south of I-20 and came in around 450 BOD. I do not know what depth though. I am thinking it is deeper in the 8,000’ range, but this is just speculation on my part. I was born out in West Texas and have land there, but I am not out there currently. Good luck!
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### Author:  [@Clay\_Strange](https://www.mineralrightsforum.com/u/Clay_Strange)
#### Post date: [December 16, 2011, 5:13pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/5 "2011-12-16T17:13:49Z")
The same with me. Colorado High, class of '65.
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### Author:  [@Kimberly\_Parks](https://www.mineralrightsforum.com/u/Kimberly_Parks)
#### Post date: [January 17, 2012, 3:57pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/6 "2012-01-17T15:57:41Z")
What are they leasing for?
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### Author:  [@Clay\_Strange](https://www.mineralrightsforum.com/u/Clay_Strange)
#### Post date: [January 17, 2012, 4:57pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/7 "2012-01-17T16:57:03Z")
I’ve heard $350 an acre, 20% royalty. In the Cline shale. East of CCity.
What are they leasing for?
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### Author:  [@Kimberly\_Parks](https://www.mineralrightsforum.com/u/Kimberly_Parks)
#### Post date: [January 17, 2012, 7:49pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/8 "2012-01-17T19:49:01Z")
Thank you.
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [January 17, 2012, 9:10pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/9 "2012-01-17T21:10:13Z")
Clay is correct at $350 per acre and 20% royalty. However, 1 oil company is trying to fill in some of its acreage in the area and is willing to pay $425 to $450, so my attorney told me. Also, there is a speculator there, not an operator, who is willing to pay $425 to $450 and 20% or 21% in the hopes he can sell that for more down the road. However, you will not be in control if you lease to a speculator. Good luck!
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### Author:  [@Ginger\_Moreland](https://www.mineralrightsforum.com/u/Ginger_Moreland)
#### Post date: [January 25, 2012, 2:56pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/10 "2012-01-25T14:56:47Z")
There are three or more companies leasing everything they can get in Mitchell County. One is a huge international oil company (Devon) and they are offering up to $450 for some of our acreage and $350 for other (22 and 20% royalty). Another leasing company is concentrating on the eastern and southeastern portion of the county and are even going as high as $500 per net acre. A speculator is going $450 and 22% on every one that will sign with them. Devon appears to be about to stop leasing and start punching holes; at that point anything could happen from the leasing bottoming out or the leasing prices booming higher.
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### Author:  [@Clay\_Strange](https://www.mineralrightsforum.com/u/Clay_Strange)
#### Post date: [January 25, 2012, 3:13pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/11 "2012-01-25T15:13:18Z")
That’s great! Good luck.
Ginger more said:
There are three or more companies leasing everything they can get in Mitchell County. One is a huge international oil company (Devon) and they are offering up to $450 for some of our acreage and $350 for other (22 and 20% royalty). Another leasing company is concentrating on the eastern and southeastern portion of the County and are even going as high as $500 per net acre. A speculator is going $450 and 22% on every one that will sign with them. Devon appears to be about to stop leasing and start punching holes; at that point anything could happen from the leasing bottoming out or the leasing prices booming higher.
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### Author:  [@Pete\_Phillips](https://www.mineralrightsforum.com/u/Pete_Phillips)
#### Post date: [January 26, 2012, 12:52am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/12 "2012-01-26T00:52:38Z")
Thanks for the info. I’ve got a company called LMD that appears to be pretty aggressive regarding my land just East of Loraine on I20. They started at $300 and 20% and just upped it to $350 today before I really even discussed it with them.
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [January 26, 2012, 12:58am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/13 "2012-01-26T00:58:53Z")
Pete, I think the LMD guy is probably representing Laredo Petroleum. I have the name of a good attorney from C City who has helped me a great deal in that area if you want his name and number. It wasn’t but 5 years or so ago you could have bought land out in that area for $400 to $450 an acre. Best of luck to you Pete.
Robert
Pete Phillips said:
Thanks for the info. I’ve got a company called LMD that appears to be pretty aggressive regarding my land just East of Loraine on I20. They started at $300 and 20% and just upped it to $350 today before I really even discussed it with them.
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### Author:  [@Ginger\_Moreland](https://www.mineralrightsforum.com/u/Ginger_Moreland)
#### Post date: [January 26, 2012, 1:03am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/14 "2012-01-26T01:03:28Z")
Yes, I too have the name of a good O&G attorney in C City.
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [January 26, 2012, 3:01am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/15 "2012-01-26T03:01:04Z")
Hi Ginger. Is your O&G attorney named Ty by any chance?
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### Author:  [@Ginger\_Moreland](https://www.mineralrightsforum.com/u/Ginger_Moreland)
#### Post date: [January 26, 2012, 3:05am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/16 "2012-01-26T03:05:42Z")
Yes.
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [January 26, 2012, 3:11am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/17 "2012-01-26T03:11:56Z")
He is a good guy and has helped me get some higher lease bids. I hope you have/had good luck with him as well. I sure am curious to see who, when, and where they are going to start drilling out in the C City / Loraine area.
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### Author:  [@Ginger\_Moreland](https://www.mineralrightsforum.com/u/Ginger_Moreland)
#### Post date: [January 26, 2012, 3:17am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/18 "2012-01-26T03:17:30Z")
Yes, very happy with his work and getting the best $ possible—he really upped our deal and built a better contract!
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### Author:  [@Robert\_M](https://www.mineralrightsforum.com/u/Robert_M)
#### Post date: [February 6, 2012, 12:15am UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/19 "2012-02-06T00:15:27Z")
Anyone have any thoughts on if the leasing in NE Mitchell County near C City and Loraine has peaked either in lease bonus or just in general lease activity in the area? Seems like Firewheel Energy and Laredo have been the 2 main players that I know of, but I haven’t heard anything new in this area lately. Thanks!
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### Author:  [@Ginger\_Moreland](https://www.mineralrightsforum.com/u/Ginger_Moreland)
#### Post date: [February 7, 2012, 11:01pm UTC](https://www.mineralrightsforum.com/t/deeper-well-leasing-activity-in-mitchell-county/22448/20 "2012-02-07T23:01:47Z")
I heard that there were some offers for 700-1000 coming in from an individual from out of state...anyone know about this?
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