We have the rights to approximately 160 acres.
Township 7 North, Range 63 West, 6th PM Section 14: north half of the south half (N/2, S/2)
We received an offer for $500 per NMA bonus and 18% royalties. From what I’m reading on here, that seems low on both aspects. Any insight on this would be greatly appreciated!
$1,000 is highest but royalty seems odd; 3/16ths is common.
Cool. Do you think it’s worth aiming for 1k and 1/5th?
I’d say 1/5th would be tough to get.
Did you end up leasing this NG? Figured that area would be HBP, have some minerals a couple miles to the west of you that’s been held by an old vertical that I couldn’t get a bonus on.
I think this was sent to the wrong person; my minerals are in Renville County, North Dakota. But no, they aren’t leased at this time.
@bob we just got a revised offer of 3/16ths and $750/NMA. Considering taking it. 3-year term.
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