Buying acreage from mineral owners in the Mississippian isn't...

Buying acreage from mineral owners in the Mississippian isn't that expensive. The question mark in the good spots is whether there is actually any acreage left.

I check up on mineral group forums on the Internet every now and then to get a gauge on which companies are leasing where, and roughly what prices are being paid. I'm guessing AOK would be leasing around the $800/acre + 20% royalty kind of rate.

As a mineral owner, if productive wells get drilled on your land, the royalty payments is where you make the big bucks. The acquisition payment isn't that amazing. (obviously it depends on your circumstances however. If you need the cash, you might opt for a larger upfront acquisition payment but reduced royalties).

To me there is no question about it, if there is acreage available for AOK to lease in Snake River, they should be 'pulling the trigger' IMO (metaphorically of course)!