Leasing in sect. 7, 18 & 5 - RedSky?


#1

Please advise any leasing terms for sect. 7, 18 or 5 in McClain county. What do you know about RedSky?


#2

What township and range are you looking to lease these sections in?


#3

RedSky is a longtime non-op in the basin. Really good and honest guys.


#4

Red Sky is usually leasing for someone else. They have been around a long time. If you give the Township and Range, it will enable a more accurate answer as to current pricing.
You still need to get a negotiated lease and not sign the first thing put in front of you. Depending upon their client, some are easier and some are harder to work with.


#5

10 acres sect 18 T5N R1W McclAin Cty. Red Sky Offered $500/ 3/16. Just received notice of hearing. I have not signed a lease yet. Waiting on a reply from BP about a question I have. Suggestions for lease amount. I don’t want to be pooled.


#6

Most recent poolings nearby have been in the 150-350 range @ 3/16. I suspect Red Sky is leasing for BP, they have in the past. BP is the one with the pooling application. If those things are correct, the pooling should be for $500 minimum.

I have to ask why are you against being force pooled?