Hi all,
My mom has been contacted by Shale Exploration/Apache Drilling. Here’s their offer for her mineral rights in Daniels County:
$302 an acre to lease 712 acres for 5 years with a 5 year option at $600 an acre.
I think the 5 year perhaps should be 3 years, and they didn’t address an annual rental during the lease period (could be 25-50 an acre during the duration of the lease). But honestly, we know very little about all of this, so I would love to get your opinion. Are they low-balling us? Is there anything that they didn’t address? Is Shale Exploration a reputable company?
Also, we would like to talk to an attorney about this. We would prefer someone here in Seattle. Anyone know of a good attorney who handles such things?
Any and all advice would be greatly appreciated.
Best, Stefanie