I own some minerals in Williams County, North Dakota and have been approached by a company that wants to lease from me. I was wondering if anyone knows what fair terms are for this area. The company is offering a 3 year term, 3/16 royalty, and $700 an acre. I have limited knowlege, but the term and royalty appear decent. I am just not sure about the bonus offer. Thanks in advance for any insight or information.
Juan