Hi! I was offered $10K per net acre with a 25% royalty for mineral interests in Lea County, NM
What is the best way to evaluate the lease deal?
-There are no wells in the immediate area. There is production to the west.
- I executed a lease in 2017 for the same area with a different operator that never drilled.
- There are no wells permitted or pending permits in the section on OCD website.
Here is location info: Township 23 South, Range 35 East, Section 14: SW/4SW/4, Section 15: N/2SE/4, SE/4SE/4 , Section 22: NE/4NE/4 & Section 23: NW/4NE/4, N/2NW/4.
Does anyone have any ideas on what else I should look at to see if this is a good deal or not? Any insights are helpful! 
Here is a map:
