I am a mineral owner in an area with very good production. The oil company just sent me an election offer -- either take our lease offer, participate in the well, or take me non-consent.
The lease offer is below market, in fact, it is less than the same company has paid me recently in the same field. Assuming I can prove its latest offer is below the current market rate; does the oil company have any obligation to "fair dealing" or "good faith" offers before taking me non-consent?
Thanks.