I’ve received a unit agreement from a reputable company. The unit is approximately 24000 acres near Douglas WY and our portion is approx 720 acres, of which I own a 12.5% stake in the minerals. There is no mention of lease bonus or my royalty amounts. The landman who approached us in the beginning offered $150 per acre and 18.75% royalties, and quickly came up to $250 per acre.
My question is should this agreement include the bonus and royalty amounts? Or does that come later?
Thanks!