Lower depth lease Section 35


#1

I have a producing well in Section 35 under a lease with a depth clause. I have an offer from a landman representing Rimrock for a lower depth lease. Offer is $500 / ac, 3/16 royalty. Anyone else approached for this? Know what terms these deals are being done on? The offer also includes extension option, but I’ll definitely strike that. thanks for any help.


#2

Pat, Add the township and range. Lots of sections 35s. I always ask for the 1/5th and 1/4 options since they can sometimes pay out quite a bit more over the life of the well.


#3

Section 35, TS 5S, range 3W To repeat my inquiry, has anyone else gotten an offer for a lower depth well? What terms? Thanks!