Oil and Gas Leasing

Does anyone have any information regarding leasing in southern Colorado county? I have been contacted by a landman recently and would like to hear if others have, what a reasonable bonus offer would be, and just verify some of what he was saying.


Can you give a little more info. Like the legal, bonus offered and terms he offered.

The lease itself has typical details: 3 year lease/3 year option, he put forward less than 25% royalties and below $500/acre. They are looking for both oil and gas. The guy is a fast talker and his demeanor puts me on edge.