Lynn Co

Dennis_W_Wright · April 29, 2012, 10:35am

I have an offer of $300/acre with 20% for 3 years with 2 year option. Lessee is The Caffey Group.

Any comments?

charles_s_mallory · April 29, 2012, 12:48pm

Dennis:

Could you be more specific about the location of your minerals? Information as to the State, Township, Range, Section, Shale Play, etc. would help.

Dennis_W_Wright · April 29, 2012, 2:34pm

Sure.

Lynn County, Texas Section 205, Block 4.

Mary_Lou_Boggus · April 30, 2012, 5:37am

Dennis: I was contacted by Caffey Group at the end of March, 2012 and they were offering a couple of hundred more for a 3/2 with 25% but I believe that deal may only have been for large tracts that could be delivered within a certain time frame. In the meantime I have signed with Threshold who is leasing for Shell. My lease lies along the immediate east side of Highway 87, 10 miles north of Tahoka.

Dennis_W_Wright · April 30, 2012, 11:56am

Thanks Mary Lou, it is good to have something to compare with. My tract is only 275 acres.