HSH Royalty Corporation has received an offer from Steward Energy for Sec 22-14S-38E Lea County for $300/ acre and 1/5 royalty. They proposed an unorthodox well location back in 3/2017. Can any members let me know what offer they have received?
I just received an offer of $11,000 bonus, 1/4 royalty, 3 year with 2 year extension for property located in NE/4SW/4 Sect. 9, T-24-S, R-34-E, Lea Co., NM
I have forwarded your request on to Craig Peterson, Rockies Chapter President.
In the meantime, I have posted the numbers reported to our office below:
NM S/2 LEA County- Bonus- Low: $15 High: $23000 Most Common: 350
Royalty- Low: 18.75 High: 25 Lease Term - Low: 3 High: 5
NM N/2 LEA County- Bonus- Low: $50 High: $4500 Most Common: $350
Royalty- Low: 18.75 High: 25 Lease Term - Low: 1 High: 3
General Questions: email@example.com
Membership Questions: DCopeland@naro-us.org
CMM Questions: RHarris@naro-us.org
Events or Chapter Specific Questions: CSimonds@naro-us.org