I’m writing this in the Converse County forum because the software will not allow me to start a new topic in the Campbell County forum. @Mark_West, we’ve since fixed this problem, and moved this topic to it’s appropriate place).
I’m seeking help to determine a range of a Signing Bonus amount for a property we have in Campbell County. It’s for a DEEP LEASE containing 360 Net Mineral Acres under a property that has 4 good producing wells in the top lease.
We believe $400 / NMA is too low for a high probability drill, but we aren’t sure what the top end should be.
Any help you can provide would be greatly appreciated! Thank you in advance for your responses.