My daughter inherited mineral rights of Section 121, Block 2. It may still be under mineral rights lease agreement with Gunn Oil. But got an offer from Norwood Land Services of $350 per mineral acre lease bonus; 3-year contract with 2-year option to renew at same bonus; 20% of oil and gas produced.
First question, why would Norwood make an offer if I’m still under lease with Gunn Oil?
Is Norwood’s offer a good deal for this area?
Do you know of any drilling/activity in this area?
I understand they just vertical drill, but do they fracture in this area?
Thank you!
Please be more specific on the state. Fisher is a pretty common name. And then post the question in the correct state and county on the forum. Add an abstract # if you have one and it is in Texas.
Personally, I would never lease for a 2 year option. Check your old lease to see if it had a depth clause. You may have a shallow lease and deeper zones are open.
Posting in the Texas Mineral rights and in Fisher County may get local folks to answer. You can start a new thread using the Counties tab above. Put in the complete description.