Sec 14 and 23, 5S-3W


#1

I received a lease offer for our minerals in Sec 14 and 23 of 5S-3W Carter County, $600 per acre 3/16. Anyone else receive any offers or know of any activity in the area? Thank you in advance.


#2

Leasing activity is picking up in the area. Most likely for horizontal drilling. Always ask for 1/5 and 1/4 to see what they say. Don’t sign the lease they offer. It will need a lot of negotiating-most likely.


#3

Thanks Ms Barnes, The landman is trying to get me to accept a two year option, which I am not interested in. I did ask about the options of 1/5 and 1/4 and he said they were not offering them. Guess I will wait until we get terms agreeable to us.