I received a phone call from a company in North Dakota that is interested in leasing the mineral rights that I own in Pondera County, Montana. Before I jump into signing anything, I would like to get as much information as I can, concerning the leasing of mineral rights. Has anyone out there been approached about leasing their mineral rights? And if so, what is the going rate for leasing, and percentage in royalties? Is there anything in particular that I need to be absolutely sure of before I sign any papers? In other words...what questions should I be asking?
I have been searching the internet to learn everything I can about the leasing process, and I see that I will eventually need to get a lawyer involved. I live in Florida, therefore, I do not have easy access to a Pondera County lawyer.
I would like to know how other people have handled this situation and who they involved in the process.
I appreciate any and all input. Thank you.