We recently received an offer to lease our 1,226.40 nma which is currently under a 5yr lease with Apache. The lease will expire 6/2020. Apache has been inactive so far.
What piques my interest is the lease bonus is 15x what Apache offered.
Is it normal for a company to make an offer like this while currently under lease? Also it seemed odd to me that they asked us to provide them with our royalty %, and apparently haven't done the footwork to know our total acreage and specific location of our Sections and Blocks.
The company is Nickel River Royalties, LLC