We have two different landmen offering contracts one @ 25.00 per acre the other 35.00 & 1/6 on total. I understand there are about 5 different companies trying to get leases, so how would I find out? One guy said his outfit has already drilled a pilot well above our property so he said they are a year and a half ahead of the rest.
Also is it normal for the original drilling cost to come out our 1/6?
Thanks for any info,