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Permalink Reply by Frank J Moll on September 29, 2021 at 1:27am

Latest I have seen is 2,000 to 2,500 an acre for 3 year lease and 16% royalty with the right clause for no deductions (very important to get the correct language) This was for Harrison county both Cadiz and Stock township....Also it seems that nobody is leasing unless they have drill schedule which is why they are only offering 2-3 year leases.............Hope this helps

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Permalink Reply by Dott on September 29, 2021 at 5:44am

Thanks Frank it does help it tells me that some companies are still trying to Low Ball. What do you mean "unless they have drill schedule"? Is it that they are pinpointing where they want to drill, signing them up and drilling almost immediately?

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Permalink Reply by Frank J Moll on September 29, 2021 at 8:37am

Companies are no longer leasing to lock in land. From what I am seeing in our area the only leases they are interested in is what they need to finish out a unit that they plan on drilling in the next 24 months, with that most of them are proposing a 2 or 3 year lease on needed land while threatening to force pool if you don't sign....With the short lease term they are in the fair market value range of $$ per acre per year

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Permalink Reply by Dott on September 29, 2021 at 7:03am

If anyone would prefer to email privately please Friend Me on this website. I would really appreciate your input.

Thank you Everyone

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