Sec 13-1S-3W Carter Co lease offer


#1

I got a lease offer for $1000/ac bonus for 1/8 royalty, $750/ac bonus for 3/16, or $500/ac for 1/5, or $0/ac for 1/4. I also got a notice that Black Mesa Production has applied for “Irregular Horizontal Drilling and Spacing Units”. Does that mean they plan to drill soon? Should I be able to get a better deal?


#2

I would think you should be able to get a better deal. Who is the offer from? You have to be careful here, a few shady groups…


#3

Mineralinsight.com shows much higher bonuses than that. Try reaching out to TODOC Properties, Echo, Continental or Citizen Energy for a better offers.


#4

Who is TODOC Properties? Never heard of them.


#5

I haven’t either… maybe a broker? Results for “todoc” | OKCountyRecords.com | County Clerk Public Land Records for Oklahoma doesn’t have much on them, especially recently.


#6

Keith,

I may be able to help you get a better deal here if you like.


#7

May be TODCO. I have heard of them.


#8

TODCO PROPERTIES INC 1818 WEST LINDSEY SUITE a-102 NORMAN, OK 73069


#9

Going to lunch today I noticed this sign. I had to go back and get a picture.


#10

Those are all typos on the data base. At least the ones going back to 1992 are. The leases actually say TODCO.