I received an Oil and Gas lease for my Mothers Mineral rights in SE/4 of Sec 10, T15N, R1W, She is not in the best of health, I 'm take care of her Finances and this I my first lease,. Landman offer $102 per acre on 3 year lease, but back in 1978 my grandmother received $75 arce of 3 yr lease , 30 years ago. Does'nt this seem unbelievable. that there is only a $25 dollar increase. in 3o years
Is this in Kansas?
No, Logan County, Oklahoma
John Jameson said:
Is this in Kansas?
It looks like Todco only recently started leasing in that section. My limited experience would say wait a bit. But that opinion would vary based on net mineral acreage she owns and her need for the money.