Hi Tyler, as an unleaded mineral owner in ND, here are your options.
- Lease and get the bonus and royalty.
- Participate and pay your share of the well costs now and get your full share of the production.
- Get a royalty equal to the average of lease royalties in the unit or 16% (operator’s choice) and the rest of your interest is treated as a carried working interest subject to a 50% non-consent penalty. So if the well pays for itself plus 50%, then you get your royalty interest and your working interest share - essentially your full interest. But you don’t get a bonus under option 3.