Sec 14 and 23, 5S-3W


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.


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.


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.