Posted by rrlund on July 21, 2014 at 14:24:47 from (162.250.26.144):
In Reply to: Re: Oil and gas lease posted by IHRedRules on July 21, 2014 at 14:17:37:
Ya,this amounted to $50 an acre up front. Years ago,when I was just a little fella,they drilled three wells in a straight line from southeast to northwest about 3/4 mile apart with the nearest one being half a mile west of here. They capped all of them and never pumped a drop. I never knew of another one being drilled around here since in my lifetime. Looks like the standard contract. I'm sure tempted to fleece him out of his money.
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