DOES ANYONE KNOW WHAT A FAIR PRICE FOR A 3 YEAR LEASE IS IN SEC. 17 &18-8N-7W AND SEC. 22-10N-7W?
We have a lease in section 22 it is for 1/4 of net
Wondering what kind of bonus and royalty is being offered.
Had a friend that recently leased in 22-10-7 for $2200 per acre bonus with 1/5 royalty.
Thank you, our offers have been slightly higher but less royalty.