I’m getting solicited by Continental for a couple leases. They’ve offered $2000/acre and 3/16 for a 3-year lease. They’ve also offered $1500 with 1/5 or $250 with 1/4. Do those seem reasonable?
The properties are in Stephens County S3-T1N-R4W and S1-T1N-R4W.
Gordon, I don’t have any holdings in your area so I, for one, do not know. However, I would want to talk with a neighbor and see what they were being offered. On the other hand, someone here in this forum who knows a real-time fair price will let you know.
Hope this helps.
Gordon, those look like pretty good numbers especially the $250-1/4. I would post this question on the Stephens County forum for further comment.
This was my first post, so I think I posted to the wrong forum. I meant to put it in the Stephens County. Thanks for the replies.
Eileen, I didn’t see a response on S1
Eileen said:
Did you get my reply about S1?
Gordon, go to the Stephens forum but instead of starting a new discussion just enter into the general discussions which are below where the “start a new discussion” is.
Gordon, it is called “Comment Wall” and is right below where it says “add a discussion.” Type your message in the blank space and click “add comment.”
Please feel free to give me a call (405) 388-1715 or email me at james_zeiders@sbcglobal.net. I would like to talk to you about your minerals and about making you a better lease offer than those you’ve currently received.