Has anyone been approached by Mayflower Pertroleum, LLC? It looks like they have been actively leasing in the Township 6 South, Range 1 West area of Love County, OK- and I would like to see what kind of offers everyone has been receiving from them?
They have offered three different leasing options for my in-laws, being:
- $1,000/nma; 1/8th RI; 3+2 yr
- $750/nma; 3/16th RI; 3+2 yr
- $500/nma; 1/5th RI; 3+2 yr
Any assistance with the going bonus & royalty rates would be much appreciated as I am not familiar with leasing in Love County, OK (my experience has been in the Permian Basin). Also- does anyone know what Mayflower’s intention is with this acreage? Operate of Flip?