I am trying to help my mother in law here. Just found out that she signed a lease 3 years ago at $300 per acre, doesnt know that royalty percent.
Her mineral rights are for 130 acres in township 154 range 102 section26 and 103section 14
I found a map of this and there are no wells in these pools. I see a ton of wells about 40 miles east. Is this just a timing thing? Are they drilling where there is more oil first?
Here lease is up in two years and from what I read she should negotiate a higher rate.