Owner would also consider leasing the minerals for 3 years, 1/5 royalty at $3K/acre. If lessee also wished to purchase the minerals the owner would lower the purchase price to $4000/acre after being paid for the lease.
The minerals for sale/lease are in 6-12N-24W. Charter Oak spud a Cottage Grove well on August 1 in adjacent 8-12N-24W and spud another such well in adjacent 1-12N-25W in early August. Charter Oak has also applied for a location exception in adjacent 7-12N-24W. The Wild West Show in adjacent 7-12N-24W produced 82,000 BO Oct-Dec of 2024 and over 60,000 BO in the first six months of 2025. Gas production not bad either. Production Summary here: Wild West Show Well in 7-12N-24W Production Summary
Net Acreage
15.3
Price
$6950/acre or lease for three years at $3K/acre and 1/5 royalty.
Interest Owned
Mineral
Leased
No
Producing
No