Is this the going rate?
Lease offer from Paramount Field Service. $300.00 per acre 3/16 royalty
Location East 1/2 south corner of Section 25, Township 1 South, Range 9 East.
In Oct. 2016 in Section 4, 5, 8, 9, and 17 1N. 9E. all leased for $600. Don’t know if it was 3/16 or not.
Section 4, 5, 8, 9, were drilled and completed, 3 wells in Dec. and Section 9 in March. Production ranged from 35 bopd to 88 bopd plus gas from 2454 - 2797 mcf.
you do the math.