Is this lease a fair price and reasonable for North Dakota

Oil and Gas Leasing Help
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RE: Offer to Lease Mineral Interest – Mountrail County, ND Township 155 North, Range 89 West, Mountrail County, 5th PM Section 8: SW Gross Acres: 160.00 Net Mineral Acres: 4.44

BONUS: $500.00 per net mineral acre ROYALTY: 18.75% TERM: 5 Year Primary Term

Thank you in advance if anyone can please help me. I have no idea where to find out if this is a fair offer. I have spent 5 hours on the net looking. If there is a good site to look, let me know too. Thank you, Barry

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It is right on the easternmost part of the mature Bakken, in a Tier 3 area. Try 1/5 and the same bonus. Maybe 3 years. Bakken Tier map.

1674770448344.pdf (2.3 MB)

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