My family has been approached to lease our mineral rights in Dunn County ND. Offer was $400 per/acre and 1/6 royalty for 3 years.
We currently have a lease with another company that will expire in Dec. 2012. The company pursuing the lease will pay up front now before the current lease is up.
My concern is whether or not this is a fair exchange? Comments and knowledge from others more experienced would be appreciated.