Anyone aware of new leases or lease extensions in these sections? Which companies? How much bonus? 25% royalty? How many years? Thanks in advance.
Nearby sections have great wells with high production. Noble has some existing permits across those 2 sections. If you have unleased minerals there you are very lucky.
25% royalty? Never sign for less in the Permian. Given the location & permits already out there… You can probably get $10,000+ per net mineral acre bonus.
Always a good idea to have an oil & gas lawyer review a lease before you sign
Also, 3 years or less for term. No extensions.