Franklin County, IL - Oil & Gas Discussion archives


#1

Oil & gas discussion group for those interested in Franklin County, IL. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.


#2

I have an offer to lease Sec. 8 and Sec. 20 T5S R3E at $50. per MA with 15% royalty. Seems rather low to me, has anyone one else received any offers there?


#3

I had the same offer, for the same property. I agree, it seems low. However I have no idea what stuff goes for in Ill. I wonder if we would do better if it were just pooled? Does anyone have any experience leasing in Ill?


#4

Has there been any drilling in Franklin county the last few months?