# Lease expiriring in six months
**URL:** https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476
**Category:** Reeves County, TX
**Created:** [October 2, 2018, 3:41pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476 "2018-10-02T15:41:13Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@Kerry2](https://www.mineralrightsforum.com/u/Kerry2)
#### Post date: [October 2, 2018, 3:41pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/1 "2018-10-02T15:41:13Z")
Our lease is expiring in March 2019. Last March CDEV Centennial sold what appears to be, on their presentation map, half of Section 82 Block 4. We are in that half and have not been able to figure out who purchased the lease from Centennial. We are also wondering what leases are now going for in our area. BTW our abstract # is AB-5662. Would appreciate any thoughts you might have.
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [October 2, 2018, 3:57pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/2 "2018-10-02T15:57:19Z")
The free search at [wwwtexasfile.com](http://wwwtexasfile.com) reveals:
[Grantor] CENTENNIAL RESOURCE PRODUCTION LLC [Grantee] MDC REEVES ENERGY
- Survey name: H & GN RR CO
- Section: 82
- Block: 4
- Acreage: 186.67
PARTIAL ASSIGNMENT AND BILL OF SALE
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### Author:  [@KerryD](https://www.mineralrightsforum.com/u/KerryD)
#### Post date: [October 6, 2018, 12:25pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/3 "2018-10-06T12:25:02Z")
Thanks for the info AJ. Any idea about leases in that area?
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [October 6, 2018, 3:58pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/4 "2018-10-06T15:58:31Z")
You are welcome, KerryD. Unfortunately, I do not know much about Reeves.
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### Author:  [@Tsandlin](https://www.mineralrightsforum.com/u/Tsandlin)
#### Post date: [October 17, 2018, 9:16pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/5 "2018-10-17T21:16:15Z")
Hey Kerry,
I’ve purchased leases near that area of Block 4 in Reeves County, Texas from $2500-5000/acre. Keep in mind that a lot can happen between now and March, and it’s likely that MDC will begin operations before the end of the term of the lease.
If you’d like more help with this, please feel free to contact me.
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### Author:  [@KerryD](https://www.mineralrightsforum.com/u/KerryD)
#### Post date: [October 18, 2018, 12:26pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/6 "2018-10-18T12:26:16Z")
Trey, I really appreciate your taking the time to respond to my question.
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [October 18, 2018, 1:33pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/7 "2018-10-18T13:33:22Z")
Kerry, Start at $18,000 per acre and look hard at anything over $12,000. $5,000 is way low unless you have unusual circumstances.
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### Author:  [@Tsandlin](https://www.mineralrightsforum.com/u/Tsandlin)
#### Post date: [October 18, 2018, 3:42pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/8 "2018-10-18T15:42:17Z")
Wow! I didn’t know price had jumped that high for bonuses in this area. We paid far less for acreage slightly offset (eastern boundary of adjacent block) to this Section earlier this year.
Kerry, I would trust Wade here and shoot for north of $15k.
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### Author:  [@KerryD](https://www.mineralrightsforum.com/u/KerryD)
#### Post date: [October 20, 2018, 9:51pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/9 "2018-10-20T21:51:19Z")
Wade, thank you for taking the time to respond.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:08pm UTC](https://www.mineralrightsforum.com/t/lease-expiriring-in-six-months/34476/10 "2025-01-11T17:08:48Z")