Received an offer from a company in Midland to lease this property.
Curious about a lease offer I received. Is it fair? Is there anyway to stipulate that if I lease it to the interested person that they actually do something with it and not just sit on it.
E/200 acres section 1 block 2
undivided 8/8 mineral interest
The offer I received seemed pretty low to me and is what I would expect for a cold contact.
Any ideas what this should be leasing for?
Thanks in advance.
Y'all take care