Anyone know what the going lease bonus rate is in Cottle county? Have an offer for $50.00 pnma.
You would have to give a better legal location for folks to help. Geology changes across the county, so lease prices will change as well.
Abstract number 1325. Offer to lease today. $50.00 per NMA, 3/16ths royalty, three-year lease. Good deal? Own a little over 2.5 NMA.
I took a look at the Texas RRC, and it doesn’t look like there has been any activity there for a few years. I would hold off on that offer. If the area has promise, you should be able to fetch better terms than that.