# Lease offer Ellis Co. 29 20 25

**URL:** https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088
**Category:** Ellis County, OK
**Created:** [April 27, 2022, 5:42pm UTC](https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088 "2022-04-27T17:42:05Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![Dean](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/dean/32/20876_2.png) [@Dean](https://www.mineralrightsforum.com/u/Dean)
#### Post date: [April 27, 2022, 5:42pm UTC](https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088/1 "2022-04-27T17:42:05Z")

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Just received an offer on a producing well (Spoomer #1-29H) at $650 an acre and 1/5 royalty. Was wondering if this was in the ballpark and if others have received similar offers. This is due to a depth clause as they appear to be going deeper.

Dean

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 27, 2022, 6:38pm UTC](https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088/2 "2022-04-27T18:38:30Z")

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Pooling orders in contiguous sections within a year can be useful for checking offers. Sec 35-20N-25W just pooled for $400 3/16ths, $350 1/5th $25 1/4th. Case 202101783 Mewbourne Nov 16th, 2021 for the Cherokee formation.

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### Author: ![Diesel](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/d/6bbea6/32.png) [@Diesel](https://www.mineralrightsforum.com/u/Diesel)
#### Post date: [April 27, 2022, 7:42pm UTC](https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088/3 "2022-04-27T19:42:22Z")

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Considering how much lease bonus rates have dropped compared to 4-5 years ago, that’s pretty good. I’d ask if they are offering a 1/4.

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### Author: ![Dean](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/dean/32/20876_2.png) [@Dean](https://www.mineralrightsforum.com/u/Dean)
#### Post date: [April 28, 2022, 5:41pm UTC](https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088/4 "2022-04-28T17:41:14Z")

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Thanks so much for the info!!

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 26, 2022, 5:42pm UTC](https://www.mineralrightsforum.com/t/lease-offer-ellis-co-29-20-25/66088/5 "2022-07-26T17:42:35Z")

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