Lease offer for mineral rights in Erie, CO

Howdy, your options are pretty spot on…more specifically three outcomes of lease, participate, or get forced pooled. Fourth outcome, if you will, of divesting the minerals completely; not really recommended if there is drilling coming down the line. As you stated, other companies would be happy to lease or buy it; you don’t necessarily need a broker or attorney imho - there is a wealth of information on this forum regarding what clauses you do/do not want in your lease, could help you keep a few hundred bucks. Participating in the drilling is a great option, assuming it is not a ton of acreage and your upfront capital costs woudn’t be massive. If you don’t sign the lease or participate, they will force pool you, assign you a royalty (usually 16%) and subject you to payout penalties, generally not a good scenario.