First the facts. net acres: .00114, signing bonus $300, offer to buy $500, 15% royalty, term: 5 years. Lawyers response via email: “amount of net acres would not warrant involving an attorney to negotiate leasing or sale. Amount offered & royalty is consistent w/other leases. It is possible that the offer to sell at $500 is the most economical decision.” What would you do? Sign the lease and hope for pooling situation? Get a second attorney’s opinion? Sell? I have 29 days left to decide.
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