# Lease bonus rates?
**URL:** https://www.mineralrightsforum.com/t/lease-bonus-rates/1611
**Category:** Eddy County, NM
**Created:** [November 5, 2017, 10:49pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611 "2017-11-05T22:49:46Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [November 5, 2017, 10:49pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/1 "2017-11-05T22:49:46Z")
Anyone know what a fair lease bonus PNMA is going for in Eddy County, New Mexico? Received an offer for 5 year primary, 3/16ths royalty and 350.00 lease bonus PNMA. There are producing wells on the property.
Thanks.
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### Author:  [@BP11](https://www.mineralrightsforum.com/u/BP11)
#### Post date: [November 7, 2017, 7:10pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/2 "2017-11-07T19:10:09Z")
Seems very low, particularly on a 5-year term. We’ve had a range of $800 up to $2,500 in Eddy in recent years and all have been on 3-year terms. Would be worth requesting more as well as a larger royalty—perhaps 1/4—and let them come back and negotiate.
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### Author:  [@Joseph\_Oddo](https://www.mineralrightsforum.com/u/Joseph_Oddo)
#### Post date: [November 8, 2017, 1:22am UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/3 "2017-11-08T01:22:17Z")
I say hold out for a better deal. I wouldn’t sign a 5-year lease; I’d keep it to 3 years. That way when the lease expires, you can either negotiate for a better bonus or open it up to competition and make them compete for your business.
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [April 1, 2018, 10:39pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/5 "2018-04-01T22:39:17Z")
The company decided not to continue leasing so it didn’t turn out at all John.
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### Author:  [@Lynn\_Barker](https://www.mineralrightsforum.com/u/Lynn_Barker)
#### Post date: [July 20, 2018, 11:30pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/6 "2018-07-20T23:30:23Z")
I just got offered $2,900 an acre for land south of Carlsbad BUT that was to buy my mineral rights, not to lease. They have to do way better than that if I sell it. There is a huge oil pool down there.
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### Author:  [@bhiggins](https://www.mineralrightsforum.com/u/bhiggins)
#### Post date: [July 21, 2018, 1:42am UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/7 "2018-07-21T01:42:32Z")
Depending on how south, if you’re inside the Bone Spring play, and the royalty, you could be looking at lease bonuses up to $35K/acre - which honestly I thought was unheard of.
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [July 22, 2018, 8:11pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/8 "2018-07-22T20:11:23Z")
We received an offer for Section 34 Township 21S Range 33E for 1k an acre from Fortris (sp) Energy. Have not countered yet… any suggestions? There is one producing well on the interest. Fortris wants to lease deeper depths and acreage not tied up in the well. This is in Lea County. Thanks.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:12pm UTC](https://www.mineralrightsforum.com/t/lease-bonus-rates/1611/9 "2018-08-14T22:12:07Z")