Our camp has almost always had a lease on it for gas/oil of some sort. We used this for a little extra income. Most of these were in the $5 acre range. We just looked at it as if nothing would happen.
Then a lease expired and suddenly the terms got more favorable for us. Not great but better. this was a $20 acre year 1 then $5 for the remaining 4 years.
Then the boom hit midway or sooner. We got a one time option for $300 or so acre. Which is where we are… Continue
Posted on October 26, 2009 at 1:40pm — 4 Comments