Just wondering if this is reasonable? Things seem to be quiet in Pecos County have not had any lease offers. Last week got a call on this property and some properties in Terrell County south of Sheffield which has really been quiet.
Yeah I’d say its low for 25% roy IMO. Unless you think no other wells will get drilled there, and that should not be the case since the existing wells are pretty solid. If you were at an 1/8th then different story.