Reasonable lease offers in McClain County

#1

Hello…I am new to website. Trying to find out about a lease offer in McClain S 5N 4W. 3 year lease $3500 per acre, 3/16. Is this a reasonable offer?

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#2

Maybe, maybe not. Ask for what they are offering for 1/5th and 1/4th. 3/16ths is low. What section? 5? The terms of the lease are the most important. The first lease they send you is going to need some negotiation and an Exhibit A to protect you with better clauses. I usually stall a bit as lease offers tend to go up over time.

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#3

Thank you for such quick responses!

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split this topic #4

2 posts were split to a new topic: Pengo Petroleum shares

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