Lease Offers in Terry County, TX

Thats a better deal than I have heard of in the past , try to get atleast 23% royalty and $400.00 per acre , someone did drill in that area and they have up to 3 mths to report the results then the tx rrc posts it on the rrc public map viewer web site , check it out.

As for a Comp that will actually drill there , thats up to the Company , alot of the time they DONT drill on a persons land and the lease expires ,I am told that that area is a wildcat area and that there is no history of oil production there , BUT that area is supposed to have three major formation trends under it and that there is oil there.

Try to get more per acre and more of a percent of the royalty.

Mark

Robert,

Where is your land? We farm around Rich Lake.

Hi Mike,

My land is located in the South and East part of Section 72, Block 4-X, EL & RR Ry. Co. Survey, A-1421 and the Southwest part of the E/2 of Section 86, Block 4-X, D & SE Ry. Co. Survey, A-1420, in Terry County. Hope that is helpful, Thanks again for your reply.

Mike West said:

Robert,

Where is your land? We farm around Rich Lake.