I’ve received a lease offer from Clayton Williams Energy for Sections 4, & 9, Block 50, Township 9 of the T & P RR. Co. Survey, Reeves & 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?