I just received a lease offer from Verde Operating LLC OGI for $1,000 per net acre at 25% royalty. Wondering if anyone else is getting offers similar to this. We haven’t had action in Frio County Texas in quite some time. Curious to know if anyone else has received an offer and what terms you are seeing in terms of lease bonus and royalty rate?
That’s the first offer I’ve heard for Frio County in awhile. What part of the county are the minerals located in? Abstract?