# 20 Acres in Loving County **URL:** https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270 **Category:** Loving County, TX **Created:** [March 7, 2017, 3:08pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270 "2017-03-07T15:08:50Z") **Posts on this page:** 9 **Page:** 1
### Author: ![Pamela\_Posey](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/e5b9ba/32.png) [@Pamela\_Posey](https://www.mineralrightsforum.com/u/Pamela_Posey) #### Post date: [March 7, 2017, 3:08pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/1 "2017-03-07T15:08:50Z")
I just found out through a Landman with a Lease Offer that I own Oil, Gas & Mineral rights, 1/64th interest, to 20 acres in Loving County. Location: SE/2 of the S/4 of the E/4 of Section 3, Block 2, of the Waco & Northwestern Railroad Company Survey, A2-2, Loving County, Texas. My Bonus offer was initially for $2,000 per net acre, then raised it to $6,000, with a 1/5 Royalty. Is this a reasonable offer? Thanks for any help. Pam ---
### Author: ![Wolfcamp\_Shale](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/w/3bc359/32.png) [@Wolfcamp\_Shale](https://www.mineralrightsforum.com/u/Wolfcamp_Shale) #### Post date: [March 7, 2017, 3:13pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/2 "2017-03-07T15:13:00Z")
That is a very active area, with rapidly rising lease bonus prices. A 1/4 royalty would be more appropriate, and as for the bonus, you might consider reaching out to the forum sponsors to see what they’re witnessing in that area. [http://marketplace.mineralrightsforum.com/ad-category/minerals-management-consultants/](http://marketplace.mineralrightsforum.com/ad-category/minerals-management-consultants/) Best of luck! That is a great area to own minerals! ---
### Author: ![Pamela\_Posey](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/e5b9ba/32.png) [@Pamela\_Posey](https://www.mineralrightsforum.com/u/Pamela_Posey) #### Post date: [March 7, 2017, 3:18pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/3 "2017-03-07T15:18:28Z")
Thank you! ---
### Author: ![Wolfcamp\_Shale](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/w/3bc359/32.png) [@Wolfcamp\_Shale](https://www.mineralrightsforum.com/u/Wolfcamp_Shale) #### Post date: [March 7, 2017, 3:33pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/4 "2017-03-07T15:33:19Z")
No problem. I suspect you’ll receive messages from other parties wanting to lease your minerals or buy your minerals. Just take your time, and make sure that you have a good lease form. ---
### Author: ![Texas\_Tea](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/texas_tea/32/3324_2.png) [@Texas\_Tea](https://www.mineralrightsforum.com/u/Texas_Tea) #### Post date: [March 7, 2017, 4:40pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/5 "2017-03-07T16:40:49Z")
Pamela, In another post on here you said you were offered: _My Bonus offer was initially for $2,000 per net acre ($29.77 for me) and then they raised it to $6,000 ($89.20 for me), with a 1/5 Royalty._ If that’s the case, you would only own roughly .015 NMA (.015 x $6,000 = $90). You might ask for a 1/4 royalty, which you should probably be able to get. Otherwise, I wouldn’t suspect you’re going to have too much leverage here, so you’re probably best off taking the deal and not wasting too much time on it. Good luck! ---
### Author: ![Pamela\_Posey](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/e5b9ba/32.png) [@Pamela\_Posey](https://www.mineralrightsforum.com/u/Pamela_Posey) #### Post date: [March 7, 2017, 4:48pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/6 "2017-03-07T16:48:28Z")
Thank you. ---
### Author: ![Lee\_Biggs](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/f17d59/32.png) [@Lee\_Biggs](https://www.mineralrightsforum.com/u/Lee_Biggs) #### Post date: [March 9, 2017, 9:53pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/7 "2017-03-09T21:53:06Z")
Your acreage in 1/64 \* 20 = .3125 acres. At $6000/acre that would be $1875. Unless you own a fractional percentage of the 1/64. ---
### Author: ![Pamela\_Posey](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/e5b9ba/32.png) [@Pamela\_Posey](https://www.mineralrightsforum.com/u/Pamela_Posey) #### Post date: [March 9, 2017, 10:11pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/8 "2017-03-09T22:11:56Z")
Not sure how you got that, but $1875 is a little less than 1/3 of $6000. The deed says “undivided 1/64th interest.” Offer says 0.014881 net mineral acres X $6,000 = $89.29. There are several relatives involved, but I think I’m the only granddaughter. I split between heirs of my 2 deceased brothers. ---
### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system) #### Post date: [August 14, 2018, 10:35pm UTC](https://www.mineralrightsforum.com/t/20-acres-in-loving-county/3270/9 "2018-08-14T22:35:59Z")