I’ve received a lease offer from Clayton Williams Energy for Sections 4 and 9, Block 50, Township 9 of the T & P Railroad Company Survey, Reeves and Pecos County, Texas.
- $700.00 per net mineral acre bonus.
- 1/4 royalty interest
- 3-year primary term
I don’t have any experience with activity in this area. I have South Texas interests.
Is this area outside the main plays now? Is this a reasonable offer?
Thanks.