A question has just come to mind:
Here is the assumed scenario:
I am unleased and have all around me old leases at least 5 yrs old. One relative within my gross acerage has signed a recent lease. Basically is a lease unreasonable if it includes generally accepted clauses advantageous to the mineral owner? Or is forced pooling all about the bonus and % and not so much the clauses, so that any counter offer of mine may be deemed by NDIC to be unreasonable.
I assume NDIC could not give any guidance on that. That they have no written policy on when a lessor is being unreasonable.
See what I am getting at. Because all around me might be old leases, are these old leases taken into consideration when I am a recent and first time lessor? Even given that a majority of the leassors in my tract have not/ever signed?
It does not seem fair that I am tied to the negoitating skills of my neighbors 5 years ago.
Especially with a new well 1/2 mile from my property line. It seems it would pull down the weighted average.
Should I go ahead and counter offer through my lawyer?