I have a farm in Karnes County. I am about 6 miles from three more wells being prepped. EOG has alot of activity in Karnes County. I am already leased but there are leasers now upping leases to another three years, prices used to be 300 to 400, now offered is 1000 to 2000 per acre.
If you own land in the oil window, I think you will see offers of $5,000/acre lease bonus almost immediately. My hunch is that lease bonuses will surpass the heyday of the Barnett, when they got to $28,000 an acre. Papa alluded to a ten fold increase in lease expense when wells are announced. I don't think a ten fold increase is gonna hold long and might not even get you a seat at the table very soon.
Check out this map, if you in the oil window say "oh, happy days."