Why isn’t this play and leases comparable to other new plays like the Utica and Eagle Ford? I believe that West Texas owners are just accustomed to low bonus prices. I understand that the wells may not be as productive but the difference in bonus price is ridiculous. Let’s get the bonus price up into the thousands per acre like other areas. People at one time leased in the Barnett had offers of $30,000 per acre and 25% royalty.
Best offer I have had in Mitchell County is $600 an acre. Let’s demand more, owners.