# Asking Bonus Rate
**URL:** https://www.mineralrightsforum.com/t/asking-bonus-rate/67752
**Category:** Eddy County, NM
**Created:** [September 1, 2022, 2:07pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752 "2022-09-01T14:07:40Z")
**Posts on this page:** 11
**Page:** 1
### Author:  [@Shane](https://www.mineralrightsforum.com/u/Shane)
#### Post date: [September 1, 2022, 2:07pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/1 "2022-09-01T14:07:41Z")
Any idea on what a good asking bonus rate per acre lease would be? Section 15 Township 23S, Range 26E Eddy County, NM
25% royalty included.
---
### Author:  [@LetsTalkOil](https://www.mineralrightsforum.com/u/LetsTalkOil)
#### Post date: [September 1, 2022, 3:53pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/2 "2022-09-01T15:53:43Z")
Do you own a large chunk or a small portion? If you have only minimal interest, it’s hard to get much higher than what is offered. Whereas if you own a larger chunk, they are more willing to work with you.
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [September 1, 2022, 8:51pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/3 "2022-09-01T20:51:53Z")
I honestly don’t know. I’d guess a **good** price is between $5k-10k an NMA. Only because you must be in the E2 and Earthstone is planning on drilling wells there.
But again, it’s NM. If you reject their lease offer they hold all the cards on force pooling. I’d be glad it’s 25% royalty and just do your best on bonus.
---
### Author:  [@ericblair](https://www.mineralrightsforum.com/u/ericblair)
#### Post date: [September 22, 2022, 4:58pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/4 "2022-09-22T16:58:42Z")
I’m wondering if you would be willing to give me your impression of a bid for sale of our 10 NMAs (15 NRAs given our 3/16 royalty), in Eddy County. My sister and I are the owners. The location is T22S, R27E, Section 7. The price offered is 100K, or $6,600 per NRA.
Thanks! Eric Blair
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [September 22, 2022, 5:21pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/5 "2022-09-22T17:21:28Z")
That’s not unreasonable IMO. I’d ask for more. Nothing crazy, but I’d guess you could get another $10-20k. Maybe not.
SPC finally has a rig and is drilling in Section 5. So reasonable chance that you would see at least a well or two there in the next 2-5 years. But they also have gone a long time without doing anything. And you kinda need 2 wells+ to beat $6.6k/nra.
---
### Author:  [@ericblair](https://www.mineralrightsforum.com/u/ericblair)
#### Post date: [September 22, 2022, 5:39pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/6 "2022-09-22T17:39:50Z")
Thank you! I really appreciate your input!
---
### Author:  [@daltone111](https://www.mineralrightsforum.com/u/daltone111)
#### Post date: [September 29, 2022, 5:26pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/7 "2022-09-29T17:26:01Z")
Hello Eric, Your user name was mentioned to me by Nmoilboy following a question I had concerning a similar situation as yours, or at least in the same location as yours. I was wondering if you sold your 10 NMAs? I also received offers and have no idea what to do. Thank you. Philip
---
### Author:  [@Shane](https://www.mineralrightsforum.com/u/Shane)
#### Post date: [September 30, 2022, 10:51am UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/8 "2022-09-30T10:51:49Z")
I leased mine to Earthstone for $2.5k per NMA with 25% royalty for 1 year, with a 1-year extension.
So for the 2 years I’m getting just shy of $70k, plus whatever the 25% royalty pays.
I have 13.75 NMA.
I would never sell mineral rights. I have leases in Texas that pay $7-8k per month for years.
Why take the quick $ when you can have a continuous source of monthly income? I retired at 45 years old because of leasing.
My 0.02
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [September 30, 2022, 2:01pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/9 "2022-09-30T14:01:38Z")
Sounds good on lease terms.
Re: selling. The bargain oftentimes is $X upfront or some multiple of $X over a long time IF wells get drilled. Risk/reward math. I mean do you take, for example, $200k or roll dice on a 30% chance at $1m and 70% chance at zero? If you are sitting on a pile of them with no cost basis and they are paying you a stipend it’s a good place to be. Oftentimes that is more about being born on third.
If you have a single tract, and it’s making almost nothing, and there is no indication that it will anytime soon… shrug. Might consider the bird in hand. If you are going to sell, might as well sell high. And now is pretty high.
I have some minerals under Earthstone in Township 23S, Range 26E, Section 21, kinda stumbled into them a while back. Would definitely sell them for less than the possible future cash flows. But… not giving them away either. YMMV. Always good to have options.
---
### Author:  [@daltone111](https://www.mineralrightsforum.com/u/daltone111)
#### Post date: [October 28, 2022, 9:22pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/10 "2022-10-28T21:22:28Z")
Hello EricBlair, I sent you an email a month ago and was wondering if you would have a chance to get back to me. Thank you so much. Philip
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [November 30, 2022, 2:07pm UTC](https://www.mineralrightsforum.com/t/asking-bonus-rate/67752/11 "2022-11-30T14:07:48Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.