I own mineral rights to land in Maverick County Texas, which has under it the Eagle Ford shale formation. I know absolutely nothing about oil leases, let alone the law in general. I've been approached by a Canadian oil exploration company to lease to it the right to drill in the above mentioned area. The bonus is $150 per "net acre," whatever that means. The royalty rate is 20%.
(1) Should I sign?
(2) Can anyone recommend a good oil and gas attorney (I live in San Diego) to review the lease?
Thanks for any help