Offer to lease sec 11 9N question


#1

sign on bonus offer was $150 w/ 1/8 royalty or $100 w/ 3/16 royalty.
Does anyone know if this is the going rate for the area, or know if there is any activity in this area?
Thanks for any help you can give me.


#2

Patricia,
That is an incomplete description. It should be something like Section 11-9N-xE. We need you to fill in the x to help you.


#3

Thanks for your reply. It is Sec11 9N 5E. Sorry - this all kind of confusing to me. We inherited these mineral interests from our mother and none of us know that much about it;)


#4

The SE 1/4 of that section pooled in Dec for $150 3/16. I would say it should go for at least that.

Others in the area seem to be in the $75-$100 3/16, but the above “should” be more relevant.


#5

Thanks so much!