Family has 155 net mineral acres in Section 02, Township 08 North, Range 67 West in Weld County.
We have interest from Kerr-McGee, what is current market for bonus and royalty on 3-year 2-year option? Any input would be greatly appreciated.
You may get more offers. Dunamis Energy has several sets of multiunit horizontals permitted/drilled just to the south. Most of us would not want a two year option as that gives the operator or leasing company the power in those last two years while the mineral owner is stuck with no options except what is offered.
There are no current leases in section 2 in the last 24 months. Only one lease in section 11 to the south by Kerr which was an amendment. Dunamis leases in sec 14 were at 20%. Bonus amounts are not public.
Thank you very much for the info.
Hi. I’ve received many offers and one is on the table because it is offering about $14,500 per acre but the County Office told me that I should ask for more. I’d like to be in conversation with anyone here who’s with Civitas, which just merged with a bigger company, and also Oxy. Thanks.
We can’t really help you unless you tell where your acreage is. If you want to share the section, township and range, then we can help you with the activity in the area. Most offers that high are due to pending wells and you need to understand what you might be giving up if you sell. If you do need/want to sell, you need to know more of the facts.
Thank you. I’m new to this forum; is it possible to speak off-line? I may need a Landman to help negotiate this for me and I don’t see any CO business advisors in the Directory on this site to call for consultation. I can provide the area but I’d like to maintain my privacy for now as I don’t know who has access to this conversation and there are many family members who are also heirs. I’m in conversation with the Director of Oil and Mineral at the Weld County offices.
Hello - I’m looking for similar information to the above. I am in discussions about leasing mineral rights in Section 23, Township 3 N, Range 62 in Weld County. Is anyone aware of terms for recent leases in that vicinity?
Thank you.
What do you mean by terms? Is leasing the same as being a royalty rights owner? How doe that work?
Verdad leased with the State of CO in sec 21 back in 2024 for a five year lease at 20% (1/5th) royalty. Bonus amounts are not public.