I've received an offer to lease, 3 yrs. + 2, at $100/net acre, 3/16ths royalty. Anyone have any info to share re: sec. 17-5N-1E. I hate that the option price is identical to the primary term. I have less than an acre...worth negotiating?
On small interests I try to get zero bonus with 1/4 royalty.
Hi their, Looks like we might have interest in the same area, any luck on moving forward with your offer, and if I can ask you, who approached you? Thanks.