We have received a lease offer for $500 per acre bonus and 3/16 royalties for our holdings in sections 5 & 6-4S-1E from a Ryan Newport I think he said he is a Land man with Pointer Oil. I looked at the Carter County clerks records (Just the free part) and it looks like Continental is doing the leasing down in that area. I was just curious if anyone else has had any offers recently. $500 per acre and 3/16 royalties is what we got during the last and only lease we have ever had on the holdings in that area, in 2014. I know for a while things were pretty thin on the leasing front down there, and I have read a few of the topics in the form where people are getting about the same offers. I was just curious if anyone had gotten anything better. We will ask for depth released clauses and release from any cleanup associated with environmental damage. Any other suggestions?
Thanks
Chuck E.