Previously we negotiated 2 or 3 Leases for this site. Then for a year or two we only recived Offers to Purchase no Lease Offer.
But a few months ago we received Lease Offers from TWO companies as follows (though nothing since late June)
ACE Energy: Bonus $1,500 per acre at 3/16th Royalty–3 Year Primary Term; or (from ACE) Bonus $1,300 per acre at 1/5th Royalty–3 Year Primary Term
Blue Chip Energy Partners: Bonus Consideration $850 per acre at a 1/8th Royalty–3 Years; or Bonus Consideration $450 per acre at a 3/16th Royalty–3 Years; or Bonus Consideration $300 per acre at a 1/5th Royalty–3 Years
Additional contect: my girlfriend is conflicted about Selling OR Leasing OR Doing Nothing because of her philosophical objection to Fracking (if Fracking is even a consideration with this site).
Any feedback in any manner greatly appreciated as always. This Board has helped us considerably in our 2 previous Leasing proposals.
Why all of a sudden 2 Leasing proposals now after Purchase Only proposals for several years? Are more Leasing and/or Selling Proposals expected? Do companies pull these Offers if an immediare response is not made (as stated it has been a few months)?
Thanks in advance.
Michael and Diana