Hello, We have mineral rights approximately 314 Acres in Township 11 North, Range 65 West Section 6. We have leased it for the past 5 years and keep getting offers from company’s to buy from us. I am just wondering if this is a good producing area or if we should sell. We are very happy with the company we are leasing with and we will be renewing our lease around April 2019. So far there is no drilling yet. What is a fair price for that area to lease? Just trying to get all the information I can before its time to renegotiate.
Thank you for any input on this question.