We just received an interest in leasing our interests at section 8-11N-14W Washita County Oklahoma. Contact was from landman with vague standard lease terms. Does anyone have any knowledge about this area? Thanks in advance. William Donnell
There are a smattering of mostly gas wells in that township. No drilling in 8 so far. Ask the landman who will be the operator, what kind of well will they be drilling-vertical or horizontal. Ask for a draft lease and a listing of what bonus they are offering at each royalty pair. There has not been any leasing in that township in many years. There is leasing in 12N-14W just to the north in Custer, so something might be heading your way.
If you have not leased before, it would be wise to get a good oil and gas attorney to review any draft leases as they are rarely in the mineral owner’s favor.