Have been offered 3,250.00 per net acre and 1/5th royalty delivering 80.00% net revenue interest for Bonzai 1206 8-1MHR, I have 5.6 acres, Section 8-12N-6W in Canadian County, Oklahoma. Anyone know if this is a good deal or is it worth more? Any help on this question would be great. Thanks.
I see 89 Energy LLC completed 2 wells in that Section but have yet to report results. But, someone leased land in that Section in December 2017 for $4,500/acre.
Looks like $3,250 would be pretty cheap in my opinion.
That $4,500 an acre? Wonder if they would go for $4,000 an acre? Know where I would shop this around?
And thanks for the help.