Thanks for sending me your Township info.
We've been approached by one company out of Casper and another out of Denver. One offered $20 per acre, the other $50 per acre. And both only offered 12.5% royalty. Both deals, like yours, could be a 10 year deal if they get anything going (5 year lease with option of 5 year extension).
You mentioned that Jim from Meany had said they had leased a lot of acres from the federal government. I found this link that I thought might interest you. It shows what companies leased rights for on federal land in Wyoming in Aug 2010 - note that Meany is listed 4 times, paying $47-75 per acre, but it doesn't specify where in Wyoming this acreage is.
My family hasn't signed anything yet, but I'll let you know when they do or if I learn anything else of interest.
Darrell L. Jansa said:
Our holdings are in township 41 North, Range 63 West...
For what it's worth.. Jim Berrtagnolli of Meany Land indicated that they have purchased a substantial amount of leases from the Feds ( at auction ) about 18 months ago but still do not have permits to drill.. although they do expect to get them shortly. I believe these leases are nearby our property. I do not know what nearby really means.. could be a mile or two or twenty.
My family belongs to the group that believes a bird in the hand is worth 46 in the bush.. so they took the $40 per acre.. on a 5 year lease.. which is really a 10 year deal if they get anything going.. so we are hoping something commercial comes of this and the money to be made will be from the 14% royalty I was able to talk them into.. Not that ..that is a big deal.. They offer 12.5% initially which is standard.. but in some areas of the country the number can be far higher.. i.e.17% to over 20%... The problem with Weston county is the lack of great success so far. Let's keep this conversation going.. We are locked in now.. so we are interested in others getting involved to generate activity.. Meany would not budge on the $40 number.. I believe they paid the Feds. $42.. But that doesn't mean someone else might not offer substantially more.. This is a competitive business. Best of luck.. and if you are young enough .. consider being patient.. at least for a few months. Darrell