I recently inherited mineral rights in Divide Co. and am looking for general information on the terms of my lease. A landman has drawn up documents to ratify the lease that was signed in April, 2017 to continue with me.
My share is 5.08 net mineral acres of the original 160 acres. The lease is 3-years with 2-year extension option, 3/16th royalty of proceeds of the well. (Aeberg 8-5N-1H).
Is it worth it to have an attorney look over a lease agreement and can anyone recommend how to go about finding one in North Dakota? I am trying to do research and understand as much as possible - any advice is greatly appreciated.