Leasing Bonus Rates - Reeves County


#1

Anyone close to Section 39 Block 72 PSL? Have you received offers to lease from KEW or Upcurve?


#2

Just FYI, you should be contacting Luxe Energy and Colgate Operating as they are both actively pursuing increasing their leasehold position in this area. Just to your East there are numerous permits filed for horizontal wells. And yes, Upcurve was one of the first to contact us with a lease offer just a few sections away from you.


#3

What was the Upcurve offer? Someone mentioned I should hold out longer to get the best Bonus offer. The more activity in the area, the more the offer. Since the lease will tie it up for 3 years, it makes sense to wait.