After roughly 9 years without a lease I was just contacted by a land man wanting to discuss a lease. Considering how much time has passed, can anyone provide a current rate for a lease in Live Oak County? What seems to be the going rate?
Hello Rusty, lease rates can vary based on location and lease clauses. Can you tell us what area the lease covers and the terms, e.g. 2 year primary with the option to extend for X years, All depths or depth restricted, etc. This information will assist in giving you a more accurate response.
The property is on the dry gas side of the Eagle Ford. We do not have a formal offer but before that happens was wondering what people were getting.