# Lease activity in Cheyenne and Kiowa County, CO
**URL:** https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261
**Category:** Lincoln County, CO
**Created:** [June 9, 2011, 1:49pm UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261 "2011-06-09T13:49:36Z")
**Posts on this page:** 7
**Page:** 2
### Author:  [@Mike\_rhymer](https://www.mineralrightsforum.com/u/Mike_rhymer)
#### Post date: [November 18, 2011, 2:42pm UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/21 "2011-11-18T14:42:12Z")
375 an acre in the state mineral auction!
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### Author:  [@Linda\_Stewart](https://www.mineralrightsforum.com/u/Linda_Stewart)
#### Post date: [November 29, 2011, 2:21am UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/22 "2011-11-29T02:21:48Z")
$150.00 per acre for how long and what royalty?
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### Author:  [@Linda\_Stewart](https://www.mineralrightsforum.com/u/Linda_Stewart)
#### Post date: [November 29, 2011, 2:23am UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/23 "2011-11-29T02:23:05Z")
Can you share the company that made this offer of $150.00? I have received an offer for $115.00 and $100.00 with 15% royalty.
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### Author:  [@Jason\_Schluter](https://www.mineralrightsforum.com/u/Jason_Schluter)
#### Post date: [January 17, 2012, 4:15am UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/24 "2012-01-17T04:15:18Z")
We have several hundred acres throughout Cheyenne County, particularly south of Cheyenne Wells and both East and West of Highway 385. We have had several offers from multiple landmen. The first one started at $50/acre but we turned it down. Our best offer so far, after some negotiating, is $125/acre at 1/8th royalty for 3 years with 2 year option.
My brother-in-law, who also has an interest in the mineral rights, works for an oil company in Houston as an analyst. He has talked to several of his friends throughout the oil industry who are advising him to hold out as they expect the prices to go higher. Although $125 is a good price for our area with regards to its history of leasing, I believe we are going to wait it out a little longer as we expect the prices to increase. The rumor is that Chesapeake is making a play in this area and I tend to believe it.
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### Author:  [@Kathryn\_Shaw\_McDaniel](https://www.mineralrightsforum.com/u/Kathryn_Shaw_McDaniel)
#### Post date: [March 10, 2012, 5:51pm UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/25 "2012-03-10T17:51:48Z")
I just received a lease from Westphal LLC. They offered me $150 an acre and 15% royalties. My land description is Township 16 South-Range 48 West, 6th P.M., etc. Can anyone advise me on this?
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### Author:  [@anon89606947](https://www.mineralrightsforum.com/u/anon89606947)
#### Post date: [March 10, 2012, 6:30pm UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/26 "2012-03-10T18:30:27Z")
Kathryn,
I posted this “to think about” on another thread here on MRF.
[http://www.mineralrightsforum.com/group/cheyenne-county-co-oil-gas/forum/topics/info-on-current-gas-oil-leases-in-cheyenne-county](http://www.mineralrightsforum.com/group/cheyenne-county-co-oil-gas/forum/topics/info-on-current-gas-oil-leases-in-cheyenne-county)
Always be sure who you are leasing with. Lease with a producer; not a flipper. I cannot say who Westphal is, but you should be able to before you would sign with them - or any company.
Good luck.
Kathryn Shaw McDaniel said:
I just received a lease from Westphal LLC. They offered me $150 an acre and 15% royalties. My land description is Township 16 South-Range 48 West, 6th P.M., etc. Can anyone advise me on this?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 4:21am UTC](https://www.mineralrightsforum.com/t/lease-activity-in-cheyenne-and-kiowa-county-co/23261/31 "2018-08-15T04:21:05Z")
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