I would personally go for a higher Royalty percentage. I have minerals in 161N, 93W, Section 19. We were able to get 18.75% and just a 4 yr, no option lease about 3 years ago.
I wouldn’t do any optional years. Nope. $500 is probably around the offers now, for Burke County. We were around that 3 years ago though.
Depends on the company offering it to you. Please do your homework on them to make sure they are reputable company.
Beth