# Bonus amounts
**URL:** https://www.mineralrightsforum.com/t/bonus-amounts/4019
**Category:** Oil and Gas Leasing Help
**Created:** [November 5, 2016, 4:32am UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019 "2016-11-05T04:32:38Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@W\_Walker](https://www.mineralrightsforum.com/u/W_Walker)
#### Post date: [November 5, 2016, 4:32am UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019/1 "2016-11-05T04:32:38Z")
We have minerals in Lea County, New Mexico (12-24S-34E NW/4). We just received a lease offer for $750/acre. Is this in the ballpark for the local area?
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### Author:  [@Gary\_L\_Hutchinson](https://www.mineralrightsforum.com/u/Gary_L_Hutchinson)
#### Post date: [November 5, 2016, 7:19pm UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019/2 "2016-11-05T19:19:42Z")
Mr. Walker,
It is not only not in the ballpark, your offer isn’t even in the same county as the “ballpark” assuming a 1/4 royalty, a lessor favored lease, and a competent operator/lessee. You are in a special situation that allows you to call the shots.
The entire atmosphere in our area has changed since you granted the lease to CPK. In fact, get all you can because this will most likely be the last lease offer you get. I predict that your minerals will be HBP for a long, long, long time. Be aggressive and patient. Deal only with a major company.
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### Author:  [@W\_Walker](https://www.mineralrightsforum.com/u/W_Walker)
#### Post date: [November 5, 2016, 9:56pm UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019/3 "2016-11-05T21:56:03Z")
Gary, Thank you for the reality check on what’s happening in the area. We’ll be patient on this.
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### Author:  [@Charles\_Emery\_Tooke\_III](https://www.mineralrightsforum.com/u/Charles_Emery_Tooke_III)
#### Post date: [November 6, 2016, 3:29pm UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019/4 "2016-11-06T15:29:29Z")
Mr. Walker -
Gary is right, the offer is way low.
A friend of mine who is Chairman, President and CEO of a company active in the Permian told me a few weeks ago that acreage in some parts of Lea County go for up to $10,000.00 an acre.
He cautioned that there are areas that are “faulted out” so you wouldn’t get much for those lands, but if you are in a good area then the $750.00 is way too low.
If it is an offer from a small company or an individual, they may be trying to lease your interests for $750 an acre so they can “flip” the lease for $7,500 or something similarly smarmy.
Hope this helps -
Charles Emery Tooke III Certified Professional Landman Fort Worth, Texas
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### Author:  [@W\_Walker](https://www.mineralrightsforum.com/u/W_Walker)
#### Post date: [November 6, 2016, 8:05pm UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019/5 "2016-11-06T20:05:29Z")
More great info. Thank you, Charles.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:56pm UTC](https://www.mineralrightsforum.com/t/bonus-amounts/4019/6 "2018-08-14T22:56:44Z")