Thats a better deal than I have heard of in the past , try to get atleast 23% royalty and $400.00 per acre , someone did drill in that area and they have up to 3 mths to report the results then the tx rrc posts it on the rrc public map viewer web site , check it out.
As for a Comp that will actually drill there , thats up to the Company , alot of the time they DONT drill on a persons land and the lease expires ,I am told that that area is a wildcat area and that there is no history of oil production there , BUT that area is supposed to have three major formation trends under it and that there is oil there.
Try to get more per acre and more of a percent of the royalty.
Mark