I received a lease offer from Capstone Land Company in Cleveland County, Section 10 07N 02W NW/4 NE/4. $350/acre bonus, 3 year lease and a 3/16 royalty in case of any production.
I don’t see that anything is happening in that area, but I need to poke around some more. Does this sound like pretty much a standard deal? What should I watch out for?