# Asking price for Lease
**URL:** https://www.mineralrightsforum.com/t/asking-price-for-lease/80850
**Category:** Ellis County, OK
**Created:** [April 11, 2025, 9:36pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850 "2025-04-11T21:36:28Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Frederick\_M\_Mick\_Scott](https://www.mineralrightsforum.com/u/Frederick_M_Mick_Scott)
#### Post date: [April 11, 2025, 9:36pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/1 "2025-04-11T21:36:28Z")
A landman has contacted me wanting to lease our acreage in 31-18N-21W of Ellis County, Oklahoma. Is $1500/acre at 1/5 a reasonable ask here? No offer from them yet but this is what I’m considering asking for. No current permits or poolings in this or adjacent Sections online that I can see yet. What is the going range for bonus in this or adjacent Sections? Anyone else receiving offers here? At what terms? Thanks!
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### Author:  [@Marietta\_Price](https://www.mineralrightsforum.com/u/Marietta_Price)
#### Post date: [April 11, 2025, 10:24pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/2 "2025-04-11T22:24:45Z")
My siblings and I inherited 30 acres each in Ellis County, Oklahoma. So together we have 120 acres. It is not leased. We would be interested in leasing or selling depending on the offers. I am on a trip. I will have to look up the exact location of the acreage.
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### Author:  [@Terrel\_Shields](https://www.mineralrightsforum.com/u/Terrel_Shields)
#### Post date: [April 13, 2025, 5:23pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/3 "2025-04-13T17:23:52Z")
Mick, I am seeing mineral sales of $2,250 to $7,500 in Roger Mills and Ellis - they are playing the Granite Wash and the “Cherokee” - so leases ought to be up to $2,500 or so, 1/6th leases seem to be common with 1/5 not unusual.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 14, 2025, 12:39pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/4 "2025-04-14T12:39:40Z")
I see mostly 3/16ths leases with a few 1/5th. Winding River, Greenhead Resources and Pinson are leasing in the area. Blake, Hog and Valpoint have horizontal permits just to the west in 18N-21W. You can ask for $1500, but it might be high.
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### Author:  [@KRJ](https://www.mineralrightsforum.com/u/KRJ)
#### Post date: [April 14, 2025, 1:08pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/5 "2025-04-14T13:08:32Z")
We own mineral rights in Ellis County 21, 18N, 21. My mom sold the surface rights to the Nature Conservancy years ago. She has passed now and my sister and I still have the mineral rights. We are looking to sell the mineral rights to about 80 acres in that area. Was wondering on the price per acre.
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### Author:  [@Frederick\_M\_Mick\_Scott](https://www.mineralrightsforum.com/u/Frederick_M_Mick_Scott)
#### Post date: [April 22, 2025, 12:26am UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/6 "2025-04-22T00:26:03Z")
Thanks Terrel, that is encouraging. I’m going to ask for $1750 and 1/5 and see what happens. As Martha stated below, that may be too high but worth a shot I think.
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### Author:  [@Frederick\_M\_Mick\_Scott](https://www.mineralrightsforum.com/u/Frederick_M_Mick_Scott)
#### Post date: [April 22, 2025, 12:27am UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/7 "2025-04-22T00:27:20Z")
Thanks Martha! I appreciate the info and opinion.
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### Author:  [@KRJ](https://www.mineralrightsforum.com/u/KRJ)
#### Post date: [April 23, 2025, 3:47pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/8 "2025-04-23T15:47:12Z")
What parts of Ellis County? We only have mineral rights; surface rights were sold.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 10, 2025, 9:37pm UTC](https://www.mineralrightsforum.com/t/asking-price-for-lease/80850/9 "2025-07-10T21:37:14Z")
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