# Going Rate for Lease Bonus
**URL:** https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657
**Category:** Reeves County, TX
**Created:** [June 9, 2017, 8:05pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657 "2017-06-09T20:05:41Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@Jan\_Tillery](https://www.mineralrightsforum.com/u/Jan_Tillery)
#### Post date: [June 9, 2017, 8:05pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/1 "2017-06-09T20:05:41Z")
I have a small net mineral interest in: S/2 SW/4 Section 222, Block 13, A-1647, H&GN RR Co Survey Reeves County, Texas. Anyone know the going rate for this area? I was offered $3k per NMA and that seems low to me.
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### Author:  [@Jack](https://www.mineralrightsforum.com/u/Jack)
#### Post date: [June 10, 2017, 4:36am UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/2 "2017-06-10T04:36:09Z")
Jan, I’ll check the geology on and see if that’s a fair offer. Reeves is a fantastic area, just depends on the area. Wait because you will get more offers. And I can’t stress enough the fact that you protect yourself as a mineral owner with the appropriate clauses.
As an assumption you are being contacted by a broker, a “leasehound” that will flip your lease for a profit. Everyone has to make a living BUT there are ways to make sure you are protected and given the best possible bonus possible. 25% royalty is not something you should push, non-negotiable. Glad to help in any manner possible. PM and I’ll look into it.
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### Author:  [@Jack](https://www.mineralrightsforum.com/u/Jack)
#### Post date: [June 10, 2017, 4:38am UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/3 "2017-06-10T04:38:15Z")
Another thing is how small an interest. We are all here to help.
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### Author:  [@Jack](https://www.mineralrightsforum.com/u/Jack)
#### Post date: [June 10, 2017, 4:58am UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/4 "2017-06-10T04:58:36Z")
Jan,
Primexx has permitted a horizontal well that covers your property. Again, let me check the geology and I can give you a better idea.
Let’s just say this, you hold the leverage. Primexx will have to eventually get your interest leased. I will say this: if you are being approached with a lease that is less than 25%, then that individual is looking to hold an Overriding Royalty Interest. Meaning if they are offering 20% royalty, then they will keep 5% ORRI and at a $3K bonus, then they will flip that lease to Primexx at $6K bonus for a lease. That is money you are entitled to.
That person wants to get you to sign a lease or LOI to lease and shop it to Primexx. Remember LEVERAGE. With the right lease terms and the right language that protects depths where you can lease the different formations. I think of it like a sandwich; you can get paid on each layer of that sandwich.
Don’t worry and never be pressured. You have us to help you!
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### Author:  [@Jeb\_Loveless](https://www.mineralrightsforum.com/u/Jeb_Loveless)
#### Post date: [July 18, 2017, 9:49pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/5 "2017-07-18T21:49:00Z")
Jan, did you ever get more information from Jack after he checked the geology?
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### Author:  [@Jan\_Tillery](https://www.mineralrightsforum.com/u/Jan_Tillery)
#### Post date: [July 19, 2017, 5:45pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/6 "2017-07-19T17:45:11Z")
Jeb, I signed a lease with Primexx
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### Author:  [@Jan\_Tillery](https://www.mineralrightsforum.com/u/Jan_Tillery)
#### Post date: [July 19, 2017, 5:48pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/7 "2017-07-19T17:48:45Z")
(Sorry, I have trouble with this site.) They told me they plan to drill by the end of the year. As I said, my acreage is very small only 1.6 acres, but their permitted well seems to be on that precise spot.
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### Author:  [@Jeb\_Loveless](https://www.mineralrightsforum.com/u/Jeb_Loveless)
#### Post date: [July 20, 2017, 6:02pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/8 "2017-07-20T18:02:47Z")
Jan, thanks for answering. Do you mind saying how much bonus Primexx paid per acre for the lease? And was it a 1/4 royalty?
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### Author:  [@Jan\_Tillery](https://www.mineralrightsforum.com/u/Jan_Tillery)
#### Post date: [July 25, 2017, 7:48pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/9 "2017-07-25T19:48:52Z")
$3000 per acre. Possibly could have gotten more, but was just happy to have that small acreage leased with a well permitted.
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### Author:  [@Jeb\_Loveless](https://www.mineralrightsforum.com/u/Jeb_Loveless)
#### Post date: [July 25, 2017, 8:39pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/10 "2017-07-25T20:39:26Z")
Thanks. Good luck on the well.
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### Author:  [@Jan\_Tillery](https://www.mineralrightsforum.com/u/Jan_Tillery)
#### Post date: [July 25, 2017, 9:39pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/11 "2017-07-25T21:39:25Z")
Forgot to mention that it was a 1/4 royalty, three year, no re-up.
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### Author:  [@Jeb\_Loveless](https://www.mineralrightsforum.com/u/Jeb_Loveless)
#### Post date: [July 26, 2017, 9:07pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/12 "2017-07-26T21:07:12Z")
Thanks again. I wanted to know those details, but I didn’t want to bug you any more.
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### Author:  [@Jan\_Tillery](https://www.mineralrightsforum.com/u/Jan_Tillery)
#### Post date: [July 27, 2017, 12:11am UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/13 "2017-07-27T00:11:28Z")
No problem. I appreciate the information I get from this site.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:25pm UTC](https://www.mineralrightsforum.com/t/going-rate-for-lease-bonus/2657/14 "2018-08-14T22:25:56Z")