Caddo County - Lease bonus value

I have been offered $200/acre at a 1/8th royalty for a 5 year lease in Section 25-7N-11W. I’m obviously not taking this unpleasant offer. However, I wanted to reach out and see what other mineral owners have been offered or negotiated for a 1/5th in this area. This particular leasing project just started last week. Thank you for your response in advance.

Five years would certainly be off the table for most of us. I never do longer than three years and certainly like to get an even shorter one. I never do a 1/8th lease if I can help it. Always ask what they are offering for 3/16ths and 1/5 and 1/4. Doubt it will be much in that area. So far, there have been no filed leases in the last three years or so.