# MT 24N 58E section 15
**URL:** https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168
**Category:** Richland County, MT
**Created:** [September 22, 2014, 2:20pm UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168 "2014-09-22T14:20:11Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@jim\_roth](https://www.mineralrightsforum.com/u/jim_roth)
#### Post date: [September 22, 2014, 2:20pm UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168/1 "2014-09-22T14:20:11Z")
We recently received an offer of $750. 1/18 3yr lease from Kraken, is this a good deal?
Thanks, Jim
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### Author:  [@Robert\_Carleton](https://www.mineralrightsforum.com/u/Robert_Carleton)
#### Post date: [September 22, 2014, 4:36pm UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168/2 "2014-09-22T16:36:48Z")
Jim:
Do you mean 1/8, instead of 1/18?
Our latest lease (in Mississippi) they have gone from 1/8 (12.5%) to 3/16 (18.75%).
About 4 years ago we only got $200 an acre for a three-year lease with XTO for Richland Township 22N, Range 60E, Section 5, SW 1/4 (160 Acres). I believe that that was a 1/8th lease. We are currently looking for a company that is interested in our property.
So based upon my numbers, if your number is 1/8 and not 1/18, then I would think it sounds like a fair offer in my opinion.
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### Author:  [@Robert\_Carleton](https://www.mineralrightsforum.com/u/Robert_Carleton)
#### Post date: [September 22, 2014, 4:48pm UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168/3 "2014-09-22T16:48:06Z")
Jim, also see Mark Presley’s posts from a few months ago. Some of the replies indicated that in some areas the offers are even higher.
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### Author:  [@jim\_roth](https://www.mineralrightsforum.com/u/jim_roth)
#### Post date: [September 22, 2014, 6:08pm UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168/4 "2014-09-22T18:08:09Z")
Whoops! I meant 18%.
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### Author:  [@Mark\_Presley](https://www.mineralrightsforum.com/u/Mark_Presley)
#### Post date: [September 22, 2014, 6:33pm UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168/5 "2014-09-22T18:33:18Z")
Bob is correct, we were given $1800/acre and 20% on a 3 year lease in Section 11 & 12 of Township 24N Range 58E 3 months ago.
Based on my tracking, in addition to recent drilling permits pulled by Whiting, and Emerald, I believe development is just around the corner here. Unless you really need the lease $, I would be tempted to wait to see if your interests are drilled on, thus getting you force pooled into the spacing unit, and getting 100% of the royalties instead of only 20%!
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 12:17am UTC](https://www.mineralrightsforum.com/t/mt-24n-58e-section-15/9168/6 "2018-08-15T00:17:17Z")