I am wondering what the current bonus/acre amount is in Williams County, specifically in the T157N;R103W area. Has anyone been contacted in regards to top leasing in this area?
I was contacted about Mckenzie County 146N, 98W and it was $800 an acre. I have asked for 20% royalty but have not heard back. Hope that helps a little.
Rick:
Thanks for the info. Is this a new lease or a top lease offer? My minerals will be expiring next year and I try to keep abreast of the going bonus amounts in event of a top lease offer. I understand that McKinzie and Wiliams counties should see alot of activity over the next year.
Rick Tatum said:
I was contacted about Mckenzie County 146N, 98W and it was $800 an acre. I have asked for 20% royalty but have not heard back. Hope that helps a little.
10/2011- Wm's T156 R95 Sec. 11,13,14- reported to U already: top lease offer 2k/ac, net<20 ac. Expires 2/2012. thanks for advice about limiting title search. Prior top lease offer 5/2011 fr: Petrogulf; 1k ac. +/-forgot terms. Neither offer accepted.
6/2011- Wm's T 154 R100 Sec. 15; Brigham Lease $1,000 per acre, net< 5ac. 3/16 RI, 3 yr
6/2010- Wm's T 154 R100 Sec. 22; Brigham lease, $500./ ac, net < 5ac., 1/5 RI, 3yr primary. Note the inquiry came for Sec. 15, the lease states Sec. 22. Brigham has been notified of description error, gave no response. We own < 5ac. in each sec.
2/2011- Wm's T154 R100 Sec. 15 N2; TRZ/LoneTree lease $500/ac, net <10ac., 4 yr primary, 19% RI
FYI Present- McKenzie, T148 R104 Sec. 34; HBP paying less than $300 yr. +/-, net < 12ac. XTO bought Headington & will not release.
Present- Wm's T154 R100 Sec. 21,22, 23, Citation HBP pays less than $300 yr. net < 10 ac. will not release.
I believe u once asked that we should use which discussion group to report lease offers?
thanks for the advice you give. PS I will sort out MT interests soon.
Louise:
Looking forward to the MT info.
Louise Tario said:
10/2011- Wm's T156 R95 Sec. 11,13,14- reported to U already: top lease offer 2k/ac, net<20 ac. Expires 2/2012. thanks for advice about limiting title search. Prior top lease offer 5/2011 fr: Petrogulf; 1k ac. +/-forgot terms. Neither offer accepted.
6/2011- Wm's T 154 R100 Sec. 15; Brigham Lease $1,000 per acre, net< 5ac. 3/16 RI, 3 yr
6/2010- Wm's T 154 R100 Sec. 22; Brigham lease, $500./ ac, net < 5ac., 1/5 RI, 3yr primary. Note the inquiry came for Sec. 15, the lease states Sec. 22. Brigham has been notified of description error, gave no response. We own < 5ac. in each sec.
2/2011- Wm's T154 R100 Sec. 15 N2; TRZ/LoneTree lease $500/ac, net <10ac., 4 yr primary, 19% RI
FYI Present- McKenzie, T148 R104 Sec. 34; HBP paying less than $300 yr. +/-, net < 12ac. XTO bought Headington & will not release.
Present- Wm's T154 R100 Sec. 21,22, 23, Citation HBP pays less than $300 yr. net < 10 ac. will not release.
I believe u once asked that we should use which discussion group to report lease offers?
thanks for the advice you give. PS I will sort out MT interests soon.
This is a top lease by the company holding the current lease. Expires Jan 2012. I heard back and they are willing to go to 20% royalty. I did not ask for more on bonus even though I think $1000/acre would have been fair.
There has been plenty of activity for the last 2 years in Williams, Mckenzie and Mountrail. We have lease all that we had and they start expiring next year. Out of about 30 parcels in those counties the bonuses have gone up to $800 to $1200 per acre in the last year. We'll see what next year brings. But 20% royalty is the going rate.
Rick, friend me and I will let you know about the TL offers that I have been seeing out there.
Thanks!
Update. I heard back and got lease at $1000/acre and 20%. They didn’t balk at $1000 so probably could have been more. Just FYI.