My gut in Carroll county would be $2-4k/NMA, and a 15-18% royalty. Make sure it’s cost free, meaning the operator pays to market your product. Those fees are huge in this part of the Utica. You can thank Chesapeake and Williams for that.
My gut in Carroll county would be $2-4k/NMA, and a 15-18% royalty. Make sure it’s cost free, meaning the operator pays to market your product. Those fees are huge in this part of the Utica. You can thank Chesapeake and Williams for that.