I work for a religious community which has mineral rights in Williams Coutny, North Dakota described as:
Township 157 North, Range 102 West, 5th PM Serction: 26: NE; 75% mineral interest or 120.0 net mineral acres
They receive an offer of $175.00 per net mineral acre, a one sixth (1/6th) mineral owners royalty and a five (5) year primary term.
Is this a good offer? Any advice?