Lease Bonus - Northern Upton Co

Texas Mineral Rights Upton County, TX
1

I’ve been approached recently to lease my partial MI in a section in northern Upton County by a large oil company. Two questions to the forum:

(1) What are current lease bonuses in Upton (most sections may already be leased)?

(2) Do these lease bonuses get reduced if section is already under production from the shallower Spraberry and Wolfcamp?

As my section is already under production from horizontal Spraberry & Wolfcamp (original lease has vertical pugh clause), this lease must be for either Barnett or Woodford play. Any input would be appreciated. Thanks in advance.

2

Just replying as a bump to this topic. I am receiving similar inquiries in this area. Deep rights must be drawing new interest.

3

You would need to be more specific on your location to get lease answers. Bonus amounts would reflect which reservoir(s) they are going for.