Upton County lease offer

Hi all, just got an offer from agent for Pioneer Natural Resources to lease interest in Sec. 3, Block N, H E & W T Ry Co. Sy. , Abst 238 in Upton County. Offering 25% base royalty, 3 yr paid-up term, $2,500 bonus per net acre. Anyone know the activity in the area and what the “going rate” is? Thanks for any input.

1 Like

Hi John. I just received an offer for our interest from another co.

Did / Does Pioneer currently hold the lease?

Steve W

Yes Steve, just signed with them last month.

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