# Lease offer Gaines County

**URL:** https://www.mineralrightsforum.com/t/lease-offer-gaines-county/38394
**Category:** Gaines County, TX
**Created:** [December 13, 2018, 3:39pm UTC](https://www.mineralrightsforum.com/t/lease-offer-gaines-county/38394 "2018-12-13T15:39:28Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![Leslie\_Smiers](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/4491bb/32.png) [@Leslie\_Smiers](https://www.mineralrightsforum.com/u/Leslie_Smiers)
#### Post date: [December 13, 2018, 3:39pm UTC](https://www.mineralrightsforum.com/t/lease-offer-gaines-county/38394/1 "2018-12-13T15:39:28Z")

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I have mineral rights for 8.3025 net acres in Gaines County, Texas. The property description is Labor 22 League 297, Reagan County School Lands, A-817. I just received a lease offer from J. Cleo Thompson of $400 per acre and 1/4 royalty for 3 years with an option for two more years at $500 per acre. This is the same as what I originally leased at in 2013. This current offer seems low to me. Does anybody have any ideas on what a good counter offer should be?

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### Author: ![Clint\_Liles](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/clint_liles/32/16995_2.png) [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [December 13, 2018, 4:43pm UTC](https://www.mineralrightsforum.com/t/lease-offer-gaines-county/38394/2 "2018-12-13T16:43:09Z")

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Gaines County A-817/Section 297

Leslie,

I would counter offer with $1,000 and negotiate. $400 is on the cheap side in my opinion. The 1/4 royalty is good. There are some good oil/gas wells nearby and 1 producer in A-817/Section 297. J. Cleo Thompson seems to be the main operator in this area. This link is to Production Data on well API 165-38420 in the far eastern part of Section 297/A-817. Manipulate the beginning date range back to May 2017 to view all production on this well.

[http://webapps2.rrc.texas.gov/EWA/specificLeaseQueryAction.do?tab=init&viewType=prodAndTotalDisp&methodToCall=fromGisViewer&pdqSearchArgs.paramValue=](http://webapps2.rrc.texas.gov/EWA/specificLeaseQueryAction.do?tab=init&viewType=prodAndTotalDisp&methodToCall=fromGisViewer&pdqSearchArgs.paramValue=%7C2=10%7C3=2017%7C4=09%7C5=2018%7C103=49558%7C6=O%7C102=08%7C8=specificlease%7C204=district%7C9=dispdetails%7C10=0)

GIS Map of Gaines County Section 297/A-817 and surrounding area:

 ![Capture](https://www.mineralrightsforum.com/uploads/db5755/original/2X/9/9c18563a007f0515750ecf6a10aba37da16bc989.jpeg)

DOUBLE LEFT CLICK ON MAP TO ENLARGE

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### Author: ![Leslie\_Smiers](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/l/4491bb/32.png) [@Leslie\_Smiers](https://www.mineralrightsforum.com/u/Leslie_Smiers)
#### Post date: [December 14, 2018, 12:49am UTC](https://www.mineralrightsforum.com/t/lease-offer-gaines-county/38394/3 "2018-12-14T00:49:00Z")

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Clint, Thanks for the information.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:38pm UTC](https://www.mineralrightsforum.com/t/lease-offer-gaines-county/38394/4 "2025-01-11T17:38:10Z")

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