I own mineral rights to 160 acres in Kingfisher County, OK. I have been offered the following options for leasing:
$350/acre - 3 year lease, 3/16 royalty
$400/acre - 3 year lease with a 2 year option to extend, 3/16 royalty
Can anyone offer any insight or give an opinion on this offer? It's my understanding that mineral rights are currently being leased in Kingfisher County by several companies.