My wife's cousin owns some mineral interest that she inherited from her first husband's aunt (I know, it is pretty convoluted!). She had forgotten about owning this interest until she received a telephone call a few nights ago from an outfit that offered to lease her interest for $200/ac for 5 years and 1/8th royalty. She owns is a 1/18th interest in a 320 acre tract.
As we live in Louisiana, we are not aware of the activity currently going on in Moffat County. Can anyone be so kind to let us know what is currently being paid for leases in Moffat County in regards to bonus, royalty and primary term. She definitely wants to lease but doesn't want to be taken advantage of. I am an engineer for a small O & G company down in La. so I do have a little exposure to leases, etc. but Ii definitely need some help in regards to leasing in Moffat County. Any help that anyone can provide would be greatly appeciated.