# Anyone know the going rate for lease in Sec 29 & 30-09N-02E
**URL:** https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388
**Category:** Pottowatomie County, OK
**Created:** [July 13, 2018, 9:33pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388 "2018-07-13T21:33:16Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@Michael\_R\_Mathias\_Jr](https://www.mineralrightsforum.com/u/Michael_R_Mathias_Jr)
#### Post date: [July 13, 2018, 9:33pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/1 "2018-07-13T21:33:16Z")
Does anyone know what the average lease rates are in these sections? I have an offer, but compared to other leases I have in other counties, the offer is very low.
Sec 30-09N-02E and Sec 29-09N-02E
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### Author:  [@Rick\_Howell](https://www.mineralrightsforum.com/u/Rick_Howell)
#### Post date: [July 13, 2018, 10:17pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/2 "2018-07-13T22:17:12Z")
Section 33 was pooled in October for $100 and 3/16. A few miles further away was $50.
That doesn’t mean that is what it is worth today, but it is an indicator that might match up with your offers.
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### Author:  [@Michael\_R\_Mathias\_Jr](https://www.mineralrightsforum.com/u/Michael_R_Mathias_Jr)
#### Post date: [July 13, 2018, 10:44pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/3 "2018-07-13T22:44:24Z")
Thank you very much.
$100 at 3/16 and $150 at 1/8 is the offer. They are such small acreages that I might take the $150. Less than 20 acres total.
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### Author:  [@Rick\_Howell](https://www.mineralrightsforum.com/u/Rick_Howell)
#### Post date: [July 13, 2018, 11:14pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/4 "2018-07-13T23:14:29Z")
I’d be more concerned about the rest of the lease than I would the bonus. 20 acres is not small. 3/16 pays 50% more royalty income than 1/8. Does a $1000 make that much of a difference in your standard of living to possibly reduce the income by that much for decades?
Something to think about.
Regardless, my common response is “The Bonus and Royalty Interest MAY not be the most important thing you negotiate on your lease”. “IS” may be a better word to use than “MAY”! 😉
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### Author:  [@Michael\_R\_Mathias\_Jr](https://www.mineralrightsforum.com/u/Michael_R_Mathias_Jr)
#### Post date: [July 13, 2018, 11:35pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/5 "2018-07-13T23:35:02Z")
I have a bunch of property leased, and I always go for the larger royalty. In this situation, one piece of land is 8 acres, and the other 4. That is the only reason I was considering the higher bonus. If it was a large bit of land, I would not question it. I have several leases making only enough for them to hold the lease. It might take these little bits twenty years to accumulate $1,000.00. But yeah, I’ll go for the bigger cut, I’m sure.
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### Author:  [@Michael\_R\_Mathias\_Jr](https://www.mineralrightsforum.com/u/Michael_R_Mathias_Jr)
#### Post date: [July 13, 2018, 11:35pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/6 "2018-07-13T23:35:41Z")
But absolutely thanks for giving good advice. I appreciate it.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:59pm UTC](https://www.mineralrightsforum.com/t/anyone-know-the-going-rate-for-lease-in-sec-29-30-09n-02e/29388/7 "2025-01-11T17:59:42Z")