A few months back I was in negotiations with McDonald Land Services (Corterra) and United Land Co. (Silver Creek) over bonus payment and lease terms then after my last submission for terms they stopped communicating with me. I have now received two notices of continuance for Corporation Commission cases one for pooling and one for Horizontal drilling and spacing in Section 2, township 6 north and range 9 east. Has anyone else receives notice of the continuances and if you are still negotiating with either land company? If so can you tell me the going rate per acre for bonus money and royalty. The last offer I received was $400 per acre at 3/16ths royalty. If forced pooled are lease terms still negotiable? If not who sets the lease terms? I would appreciate any information regarding these issues, thank you.
Virgil R. Barksdale