# Going rate "
**URL:** https://www.mineralrightsforum.com/t/going-rate/20089
**Category:** Madison County, TX
**Created:** [October 15, 2012, 12:12pm UTC](https://www.mineralrightsforum.com/t/going-rate/20089 "2012-10-15T12:12:37Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@joe\_dillon](https://www.mineralrightsforum.com/u/joe_dillon)
#### Post date: [October 15, 2012, 12:12pm UTC](https://www.mineralrightsforum.com/t/going-rate/20089/1 "2012-10-15T12:12:37Z")
Hello-- Just received a lease request for minerals I own west of Madisonville. 1/5 royalty - 3 years plus 2 year option at $400 per acre. This property had a heck of an oil gas well that finally gave up the ghost 10 years ago. Any advice, et cetera. THANKS.
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### Author:  [@normfol](https://www.mineralrightsforum.com/u/normfol)
#### Post date: [October 18, 2012, 12:43am UTC](https://www.mineralrightsforum.com/t/going-rate/20089/2 "2012-10-18T00:43:34Z")
Joe
3 years only 1/4 royalty and get as much per acre as you can and lose out on lease.
Lease only to Deven Halcon or EOG.
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### Author:  [@joe\_dillon](https://www.mineralrightsforum.com/u/joe_dillon)
#### Post date: [October 18, 2012, 2:34pm UTC](https://www.mineralrightsforum.com/t/going-rate/20089/3 "2012-10-18T14:34:33Z")
You da man.
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### Author:  [@Richard\_Stewart1](https://www.mineralrightsforum.com/u/Richard_Stewart1)
#### Post date: [October 19, 2012, 7:38pm UTC](https://www.mineralrightsforum.com/t/going-rate/20089/4 "2012-10-19T19:38:42Z")
Hope you don’t get left out of a unit based on bad advice. There are lots of players down there who take the biggest money. Don’t get too hung up on a 1/4 unless you really don’t want to lease. Bonus should easily get to $500.
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### Author:  [@normfol](https://www.mineralrightsforum.com/u/normfol)
#### Post date: [October 20, 2012, 5:32pm UTC](https://www.mineralrightsforum.com/t/going-rate/20089/5 "2012-10-20T17:32:01Z")
Joe, take your time before you lease.
There is a lot of action going on in Madison County. I don’t know where you are off 1452. Deven just permitted a well on J.W. Mathis.
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### Author:  [@joe\_dillon](https://www.mineralrightsforum.com/u/joe_dillon)
#### Post date: [October 21, 2012, 3:05pm UTC](https://www.mineralrightsforum.com/t/going-rate/20089/6 "2012-10-21T15:05:34Z")
South side - right on 21 about 7 miles out of Madison. Had great well Bow Valley drilled and Chesapeake wanted to reenter about 5 years ago but never got close to a deal {obstinate assholes}. Harkin sucked it out and basically with my limited info went to a few barrels a day then shut in. Well to west 300 yards and well to west say 1000 yards all dead now but too far away to look.
normfol said:
joe take your time before you lease.
There is a lot of action going on in Madison County. I don’t know where you are off 1452. Deven just permitted a well on J.W. Mathis.
joe dillon said:
youda man
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:20am UTC](https://www.mineralrightsforum.com/t/going-rate/20089/7 "2018-08-15T03:20:24Z")