I am also surprised you are getting an offer to lease. Nothing has been going on in that area since the early 2000’s first decade, mostly Chesapeake and Kaiser Francis back then. They were going for the Cisco, Hoxbar, Deese, Dornick Hills in conventional drilling. Mostly deep gas area, so since gas prices are lower now compared to a few years ago, the offering prices to buy or lease will be lower.
Is Mayhawk trying to lease or to buy? They are a pretty small company that advertises themselves as a buyer.