Lease Offers in 7N-2W


#1

I own mineral rights in several sections in 7N-2W. All Small. Been approached by a couple companies via letters to lease.

Can other owners share what they have been offered to lease? Or to purchase?


#2

It would depend upon where in the township you are. I have seen offers from $200 3/16ths in the northern part to $450-500 3/16ths and $350 1/5th in the southern part. To lease.


#3

M_Barnes, thank you for the reply. Why such a difference in the price in the south part and the north part.


#4

It depends upon whether it is a vertical well on 80 ac spacing in a conventional reservoir or a deeper shale well at 640 ac spacing.