OK guys here it is ,Some time ago I predicted $4000-5000 ,well that $4000 is off the table and $5000+ is in the play And I say it will SIZZLE out at about $6800 Look at it this way ,we have and they want .
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:-) "Know when to hold em & when to fold em"!!! I hope your current prediction holds true for anyone willing to take the gamble. However I think my "hold em" days are becoming rather numbered...
Call it an educated guess, but I think you'll be seeing signing bonus in the $6,000-$9,000 range within a year. With royalties between 20% and 25%. But, on the other hand, the world economy could slide into a recession. Oil and gas demand could decline, and the whole lease/drill process could be put on hold. Who knows? I'm with Nelson, have signed and now know exactly what to expect. Every landowner must make that very personal decision for themselves and I just hope you get a good lease that you can live with. Best wishes to all.....
Randy
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