Lease Bonus rates around Blk 4, Sec. 1, H&GN, Reeves County, TX

Oil and Gas Leasing Help
1

Anyone know what a 'going rate' is for leasing minerals in the referenced area?

2

Cami,

If you go to the Reeves County, TX group you can read the other lease rates people are receiving. As you will see on there the going rate is anywhere from $1,500-$3,500 per acre. Hope the information helps

Cameorn

3

Cami-

Depends on location and your particular situation, but going rates may be $8500+.

4

WOW where would that be in Reeves County? We have a lease coming up in the spring

5

We have already been approached on this acreage and was offered $3,000/acre. Declined that and said that we had heard leasing was $6,000 and up. The landman said he couldn't do more than $3,000. He called back 30 minutes later and offered $6,000.

6

I did look through that county but didn't see our acreage (noted in title) discussed. Thanks for your reply!

7

Wow, great win on that negotiation. Congrats!

8

Block 4.

9

We are in BLK 54 T4