# Current Lease rates in Section 362, Yoakum County TX
**URL:** https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801
**Category:** Yoakum County, TX
**Created:** [July 25, 2018, 6:24pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801 "2018-07-25T18:24:48Z")
**Posts on this page:** 12
**Page:** 1
### Author:  [@Sim\_Walker](https://www.mineralrightsforum.com/u/Sim_Walker)
#### Post date: [July 25, 2018, 6:24pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/1 "2018-07-25T18:24:48Z")
Does anyone know the current lease rates for the W/2 of Section 362, Yoakum County, Texas?
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### Author:  [@Christine\_Putnam](https://www.mineralrightsforum.com/u/Christine_Putnam)
#### Post date: [July 25, 2018, 9:11pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/2 "2018-07-25T21:11:43Z")
We leased Section 500 for $400/ac, 1/4, strictly no deductions, with strong depth clause, shut-in and commencement clauses.
Christine
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### Author:  [@Sim\_Walker](https://www.mineralrightsforum.com/u/Sim_Walker)
#### Post date: [July 25, 2018, 9:24pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/3 "2018-07-25T21:24:37Z")
Thank you Christine.
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### Author:  [@Linda\_B\_Sacra](https://www.mineralrightsforum.com/u/Linda_B_Sacra)
#### Post date: [August 5, 2018, 3:21am UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/4 "2018-08-05T03:21:33Z")
Depending on the number of mineral acres you own somewhere between $400 - $600 per net mineral acre with 22.5 to 25% royalty.
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### Author:  [@Leepwood](https://www.mineralrightsforum.com/u/Leepwood)
#### Post date: [August 27, 2018, 8:14pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/5 "2018-08-27T20:14:02Z")
I have an offer for $200/acre for Section 500. I have not responded to the offer. Is $400/acre closer to market? Any drilling activity in this area? Any lateral plays?
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### Author:  [@Christine\_Putnam](https://www.mineralrightsforum.com/u/Christine_Putnam)
#### Post date: [August 28, 2018, 4:59am UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/6 "2018-08-28T04:59:19Z")
We recently signed a 24 month extension in Section 500 for $400/acre and 1/4 with no deductions, if that helps.
Christine
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### Author:  [@Leepwood](https://www.mineralrightsforum.com/u/Leepwood)
#### Post date: [August 28, 2018, 3:31pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/7 "2018-08-28T15:31:38Z")
Thank you Christine.
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### Author:  [@Joe5](https://www.mineralrightsforum.com/u/Joe5)
#### Post date: [August 28, 2018, 3:42pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/8 "2018-08-28T15:42:14Z")
$750 per acre is what I would ask for
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### Author:  [@Bob\_Hunter](https://www.mineralrightsforum.com/u/Bob_Hunter)
#### Post date: [August 28, 2018, 9:54pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/9 "2018-08-28T21:54:34Z")
Everything is negotiable.
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### Author:  [@BJH3317](https://www.mineralrightsforum.com/u/BJH3317)
#### Post date: [April 17, 2019, 1:40am UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/10 "2019-04-17T01:40:23Z")
We are brand new to this site and trying to understand more about how these leases and the terms work. Are they paid out annually? For instance, if you have 25 acres, do you multiply the acreage rights by let’s say $400 and then multiply that by 3 for a 3-year lease? Sorry if this is a silly question, but apparently there are operating wells on the inherited rights, and we received paperwork for an “exploratory” from a royalty company but there are no terms, no royalty explanation, etc. because it was all being done before we gained ownership… Thanks for any advice!
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### Author:  [@texmex](https://www.mineralrightsforum.com/u/texmex)
#### Post date: [August 23, 2019, 12:15am UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/11 "2019-08-23T00:15:14Z")
Our interest is about 2 miles from your section. It appears $400-$500 / 3yr / 1/4th seems to be the going rate. Lease clauses are negotiable to a point. Try to get the best no cost clause, no warranty, depth, shut in et al. Negotiations are ongoing at this time.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 4:47pm UTC](https://www.mineralrightsforum.com/t/current-lease-rates-in-section-362-yoakum-county-tx/29801/12 "2025-01-11T16:47:31Z")