Platte cry Wy 2018 lease offer


#1

Totally ignorant of lease offers. I own a portion of 1500 acres of sections 29, 30’ and 31. I recently received an offer of 50 per acre plus 1/6 royalty. So are these in line with what the value is in today’s market? Thanks,


#2

I moved this over to the Platte county, WY Category where is will hopefully get more traffic. You need to add the Township and Range to your question.


#3

Thanks for the help. the region is Township 20 Range 65. Also is there more I should look for in an offer besides a non-deduction clause?


#4

I am not an expert in WV leases, but in OK, we look for no post production costs, limit the shut in time frame, have a commencement of drilling clause, do not warrant title, do not accept a top lease clause, and a few others.