Hi
A lot of operators use some intermediary or holding company to do their leasing. I think its better to directly lease to the operator if its evident who the operator is, but, in NM the operator will likely be pretty tight on the bonus as they know they can just force pool you if you are unleased. So…shrug.
Here was some other info w.r.t. this area in another thread https://www.mineralrightsforum.com/t/spur-energy-update/
There is no drilling near there right now, but if you look at the Yeso trend map in the other thread that whole area is (slowly) getting developed. There are two rigs working Yeso further East. Will it happen for you in 3 years? Maybe. Maybe not. I’d guess odds are probably not. If it doesn’t you just lease again. Might as well start the clock ticking now.
That seems like a decent offer based on what I recall hearing from other folks. Leases and rules and non-numbers (i.e. words) aren’t my thing. If you own enough acreage you probably want to spend the $500 having a professional look at it for an hour or two.