Anyone in Terry County approached for leasing? We’ve had two companies express interest. We went with the one who wanted the entire 640 acres. Any active drilling? The second company who only wanted a portion, indicated they were amassing acreage for horizontal drilling.
My family owns minerals in Section 28, Block K and we’re currently in negotiations. If you don’t mind sharing:
• What section or general area are your minerals in? • Which companies contacted you? • Did they mention which formation or whether they were planning horizontal wells? • Were they trying to lease just your section or several neighboring sections? • Have you seen any drilling or permit activity nearby?
Somehow I have two threads going on. My post was in pending for a week so posted a second time. Anyway. Block D-14 portions of sections 29, 32, 35, 36. Total 640 acres.
One offer said they were accumulating acres got horizontal drilling.
The offer we went with for all 640 acres said they were wild catting. Tyner Energy Jeff Tyner
I don’t know if they are leasing other acres near us. We haven’t seen any new drilling or activity nearby.
Today we received a phone call from a company to purchase these acres.
The last lease was 2011 and now three calls within a few months.
Got an offer from Tyner Energy to lease from section 42, Block D-11, C&M RR company survey of 160 acres. Wondering what the going price is now? Also wanted 5-year lease and I was thinking of three with an extension.