Travis, I see numerous dry holes have been drilled in the past in the surrounding area. Also to the northeast, east and southeast are numerous plugged oil wells and possibly a few producing oil wells. The blue circles with sticks through them are dry holes. The green circles with 2 sticks are plugged oil wells and the green circles are possibly producing oil wells. This is a link to a well in Abstract 234:
There is production in the area. Possibly someone else in the Archer County Group will chime in with some info on the bonus money per acre and the royalty percentage.
GIS Map of your Abstract # 1107 and surrounding area:
Clint Liles