Ward County, ND oil and gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Mary,
It all depends on how many mineral acres you have. Do not go anymore than 3 years, and make sure this isn't a production clause in the lease agreement. Most will offer 1/6 in Ward, other counties that are producing big oil are getting 1/5. You would not be out of reach to ask for 3/16
Cynthia Welcome to the Ward County group it has been a little slow here but none the less you are certainly welcome Brian...