I did get a lease with Reef on Section 29-8N-3W. I got $250 an acre, 1/5 royalty and 3 years. I was more concerned with getting the 1/5 royalty, royalty at gross not net, no indemnification, depth clause, and limiting the Mother Hubbard clause than the up front money. They would not do a ¼ royalty.
Don