I have received a lease offer from CGS Operating LLC for this property: - 3 year primary term at $550 NMA - 23% Royalty - 2 year option to extend at $550 NMA
I cannot find this property on the RRC map, I’m not sure how the numbering system works. What is the number in the top left of the boxes? I assumed the league, but seems many of the same numbers appear multiple times. Then I see the A-X numbers in the bottom left. But I cannot find one that shows 295 and A-815.
Do these terms seem fair? If anyone could provide a snapshot of other interest around ours and what royalty and NMA bonus they received, that would be excellent.