Section 2 T7N R3W

We have minerals in this section and have been offered $150/acre, 1/8th royalty for a 3 year term. We feel this is way too low but we're also active in other counties and have nothing to compare this to. We typically ask for 1/4 and will here as well but we'd like to know what the average bonus rate is in this area. Anyone have suggestions?

Thank you

In my opinion, it's too low. I've recently received two offers on my acreage in the same section. One for $250/acre and one for $300/acre. Both with 3/16 royalty. 3 year term.