Offer to lease Shaw Interests section 23 T13S, R38E Lea County


#1

Hello, received an offer to lease for the above mentioned mineral interest. Own a little more than 14 nma. Offer is five hundred pnma, ¼ royalty, and three year lease with a two year option. Any ideas on going rates? We don’t do extensions that often so that is gone, but what is the going rate for this area?

Thanks.


#3

I’m not sure about that specific area, but I ran across a site mineralinsight.com and they preach about showing going rates around your property. Might be worth a try.

Bill