Lease bonus

Patsy_Read · February 20, 2015, 6:21pm

I have been contacted by Wheat Resources to lease Section 38, Block 52, Township 7S and would appreciate information on the current average lease bonus for this area.

J_Matthews · February 20, 2015, 7:21pm

Do you have the Abstract number?

Patsy_Read · February 20, 2015, 7:31pm

A-1702. Thanks for any info.

Teddy · February 22, 2015, 1:17pm

We are in the same Block Section Ten. We got 1250 a acre from Clayton Williams three years ago, twenty-five percent.

Patsy_Read · February 22, 2015, 1:51pm

Thank you. Is that a recent lease? Our initial offer is in that ballpark.

Teddy · February 22, 2015, 2:01pm

It’s two years ago

Patsy Read said:

Thank you. Is that a recent lease? Our initial offer is in that ballpark.

Patsy_Read · February 22, 2015, 2:19pm

Thank you for sharing.

Teddy said:

It’s two years ago

Patsy Read said:

Thank you. Is that a recent lease? Our initial offer is in that ballpark.