Received a lease offer from MP&K Energy for 4-3S-03W. $1250 for 3/16th, $250 for 1/4. Any knowledge of who is looking to drill in this area? Any input on this past experience with MP&K. Michael Raven is the landman who appears to own this company.
Several groups are in there leasing. My guess would be that Continental would be the operator. They have most, if not all, of the horizontal wells in the township already. Ask MP&K who they are leasing for. If you have not leased in a while, it would be a good idea to get a good oil & gas attorney to look at any draft lease. They are rarely in the mineral owner’s favor and need significant edits. You can choose to lease or wait for force pooling which has its own advantages. Most of us would prefer the highest royalty as royalties from a successful well or wells over many years far outweigh a one time bonus payment for the lower royalty.