Terms: 3 years, 3/16 royalty, $2500/acre OR 3 years, 1/5 royalty, $2000/acre. Will consider 3 years with option to extend for additional 2 years at 150% of initial bonus if exercised. Lessor will provide an Exhibit A for lessee’s review upon reaching an agreement on basic terms. Turner Oil & Gas leased quite a bit here in 2024 and recently assigned to Mewbourne. Devon Energy is also buying leases here recently.
Property Number
Roger Mills 2.5
Legal Description
4-12N-21W
County
Roger Mills
State
Oklahoma
Net Acreage
2.5
Price
$2K/acre at 1/5 or $2.5K/acre at 3/16
Interest Owned
Mineral
Leased
No
Producing
No
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