We have multiple mineral acres in Divide County up along the Border that have been in the family for over a century and have just received a lease option at $125 per acre @ 17%. for 5 years or $100 dollars for three years and another $75 if extended for another two years We have also just learned that someone has just recently secured the royalty rights of a extremely large land hold just across the border from us. The school section to the east of us just sold in the August auction at $270 an acre. Is there anyway that we can determine who has secured these large Canadian lease rights ? Is it true that the school sections typically bring more initial money due to the state tax credits offered? The last three year lease that we had was for 3/16ths or 18% expired about six months ago and in that lease we had got them to add a 2 year gas shut in clause, a spacing unit pugh clause, and a vertical pugh clause . Is there any other considerations that we should be requesting? Thank you so much for any advise and or information that you can provide to us.
--~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
