Getting an offer of 10k/acre at 3/16 lease. My thought was don’t they have a rule of thumb of 3-5 years of production? Wondering what’s coming that they’d offer this much if anything? Anyone getting offers like this in this area?
Most likely because there are three-four multi-unit horizontal wells per section all around you. Leasing is active in 6 & 7 in that township. Ovintiv, Warwick and EOG are infilling wells near you. Warwick already has a surface pad in the northern part of 6, so convenient.