Has anyone received lease offer from MDS Minerals in Payne County? They're offering $50 acre 3 yr lease. Seems ridiculous, but I'm not current on oil patch activity.
It is ridiculous. Would help if you gave the Section, Township and Range?
Offer is on S21 T19N 5E. I searched Payne Land Records and this company hasn't had any activity filed for years.
Three years ago, American Energy Woodford (now White Star) leased to over 51% in that area - which is up for renewal soon. MDS has offered the $50/ac lease to several small % owners (but not everyone) who did not get a lease 3 yrs ago. Maybe something in the works? Or just fishing.....is my guess.