I received a $2,000/mineral acre lease offer from Plains Natural Resources. What's the going rate? If someone knows a better rate, what is it and with whom?
My acreage is just north of you and I received $2,600 per acre when I leased to Anadarko. In this market I'd say $2,000 isn't too shabby right now. Be sure you get 1/4 royalty and don't do an extension agreement either.