we have been approached by a land man from midland numerous times about leasing 354 acres in hockley county. trying to find out what some comparable rates are for this area, thanks, Steve
I have been offered $200/ acre for 3 yrs + $150 for possible 2yr ext. And 1/5 royalty.This by Kew Drilling. I suspect this is low. I have asked for $300 and 1/4. Refused “at this time”. I don’t know, but WOULD LIKE TO KNOW who else is interested and at what price. Thamks for any info. Debra
Hockley County is a good area to cover. What particular part of the county is this in? Northeast? Southeast? Central?
Is it a labor or smaller in size?
South west of Anton, so northeast Hockley Co. 1/2 section.
I wonder if you have been approached again, if you have settled, and who is trying to lease ??? As I have Kew Drilling now offering to lease my land in Lubbock Co., too, I’m starved for more information from other owners, land men, anyone with information. Thanks, Debra
I believe you are SE of Levelland. Recently received initial offer of 1/5 royalty with $300/acre for 3 years with $200/acre 2 year option on multiple farms SE of Levelland. Addendum to lease protects pivot irrigation systems and drip systems.
Actually, my farms are north-east of Levelland, one towards Shallowater, one towards Anton. Would it be too uncouth to ask who made your offer?? Both my farms are currently in CRP so surface restoration to CRP standards would be part of any lease, just as protection of irrigation would be for yours. Thanks again for any and all information! Debra
A small company, Plantation Operating, LLC, out of Houston. However, I know from asking them that they are not leasing much farther north than Arnett at this point in time.
Debra Finn said:
Actually, my farms are north-east of Levelland, one towards Shallowater, one towards Anton. Would it be too uncouth to ask who made your offer??
Both my farms are currently in CRP so surface restoration to CRP standards would be part of any lease, just as protection of irrigation would be for yours.
Thanks again for any and all information!
Debra
My family has been approached by KEW Drilling in Lubbock County. 640 acres for $200.00 and acre with 3/16 royalty. 3 year term. Have they been receptive to negotiation? What was KEW offering you? Thanks.
Debra Finn said:
I wonder if you have been approached again, if you have settled, and who is trying to lease ???? As I have Kew Drilling now offering to lease my land in Lubbock Co., too, I'm starved for more information from other owners, land men, anyone with information.
Thanks, Debra
As I said in an earlier post, I was offered $200/acre for 3 yrs, 1/5 RI, with an option of 2 add’l yrs @ $150/acre. No, they have not been open to negotiation. This in Hockley county. Hope this helps. And i hope someone else has info, also. The more we know, the better.
I’ve been offered $250/20% for my land in Hockley.
I have just been offered $250/acre 3/16th royalty. Sounds low to me what do yall think?