@Buck22 Not much activity in Wood, nor does there appear to be any activity in the next few years. I’m curious what they are hoping to gain from this lease. 16% WITHOUT deductions is not bad. $600/acre for a non producing area is not bad either. Never hurts to ask for more though! @M_Barnes is very right, they never offer you the best on the first go. This is a business and they are out to maximize profits. Talk to others in your area and shop this rate around, also talk to the landman/company and see what they think is going on there because WV DEP maps don’t show anything promising.
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