# Lease Bonus
**URL:** https://www.mineralrightsforum.com/t/lease-bonus/5215
**Category:** Reeves County, TX
**Created:** [April 27, 2016, 3:06pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215 "2016-04-27T15:06:45Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@Kakai\_Wulfjen](https://www.mineralrightsforum.com/u/Kakai_Wulfjen)
#### Post date: [April 27, 2016, 3:06pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/1 "2016-04-27T15:06:45Z")
We have a small mineral interest in Section 59, Block 13 A-473 in Reeves County, Texas. We have been offered a 3/2 lease for $800 an acre and 1/5 royalty. Is this a fair price for this area? Also, I don’t live in Reeves County and don’t have access to a section map. Can anyone tell me what part of the county this property is in? I inherited the mineral interest and don’t know the area well. I can’t seem to find an online map with block and section numbers.
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### Author:  [@Wolfcamp\_Shale](https://www.mineralrightsforum.com/u/Wolfcamp_Shale)
#### Post date: [April 27, 2016, 3:13pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/2 "2016-04-27T15:13:04Z")
That is part of the block that Apache is putting together. $800 per acre is on par with what other folks have been getting paid in those sections around Balmorhea, but the royalty you’ve been offered is low. You should ask for a 1/4 royalty. If you are unfamiliar with the terms of oil and gas leases, you may want to reach out to one of the site sponsors that could help you negotiate favorable lease terms: [http://marketplace.mineralrightsforum.com/ad-category/minerals-management-consultants/](http://marketplace.mineralrightsforum.com/ad-category/minerals-management-consultants/)
Below is a map of your section. There are two permitted wells nearby.
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### Author:  [@Kakai\_Wulfjen](https://www.mineralrightsforum.com/u/Kakai_Wulfjen)
#### Post date: [April 27, 2016, 3:46pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/3 "2016-04-27T15:46:10Z")
Thanks for the information. What parts of the county are hot right now?
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### Author:  [@Wolfcamp\_Shale](https://www.mineralrightsforum.com/u/Wolfcamp_Shale)
#### Post date: [April 27, 2016, 3:55pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/4 "2016-04-27T15:55:17Z")
Northern and Eastern.
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### Author:  [@Melissa\_Avery](https://www.mineralrightsforum.com/u/Melissa_Avery)
#### Post date: [April 27, 2016, 6:28pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/5 "2016-04-27T18:28:50Z")
I too have an offer from Apache in this area. I have been advised by others on this list that $800 per acre is a bit low for the bonus.
Anyone else have some advice about this? I am also concerned that my lease agreement does not have any verbiage regarding increase in bonus if the lease is renewed after 2 years.
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### Author:  [@Wolfcamp\_Shale](https://www.mineralrightsforum.com/u/Wolfcamp_Shale)
#### Post date: [April 27, 2016, 8:04pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/6 "2016-04-27T20:04:47Z")
Price action is dictated by competition, and that area is far away from the “proven” parts of the county, so there is little to no leasing competition for Apache’s brokers. Until (if) Apache drills a great well out there, it won’t command the prices seen in other portions of the county.
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### Author:  [@Melissa\_Avery](https://www.mineralrightsforum.com/u/Melissa_Avery)
#### Post date: [April 27, 2016, 8:20pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/7 "2016-04-27T20:20:09Z")
How do I find out the results from recent wells? My land is in Section 39.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:15pm UTC](https://www.mineralrightsforum.com/t/lease-bonus/5215/8 "2018-08-14T23:15:03Z")