# Lease Offers in Terry County, TX
**URL:** https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349
**Category:** Terry County, TX
**Created:** [May 23, 2011, 2:12am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349 "2011-05-23T02:12:36Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Dave\_Thompson](https://www.mineralrightsforum.com/u/Dave_Thompson)
#### Post date: [May 23, 2011, 2:12am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/1 "2011-05-23T02:12:36Z")
Use this post to share your lease rates (bonus, royalty, primary term), so we all know if we’re getting a fair deal.
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### Author:  [@Dave\_Thompson](https://www.mineralrightsforum.com/u/Dave_Thompson)
#### Post date: [May 23, 2011, 2:14am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/2 "2011-05-23T02:14:05Z")
$350 per acre for 20 acres and a 20% royalty
[http://www.mineralrightsforum.com/forum/topics/terry-county-texas-lease-bonus](http://www.mineralrightsforum.com/forum/topics/terry-county-texas-lease-bonus)
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### Author:  [@Under\_par](https://www.mineralrightsforum.com/u/Under_par)
#### Post date: [May 23, 2011, 2:33am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/3 "2011-05-23T02:33:34Z")
Just received an offer for a 20% royalty and a $350/acre bonus in Terry County, Texas. I have 20 acres of a 640-acre parcel of land. I’d like to get a 25% royalty and at least $500 per acre, if not more. Has anyone had experience negotiating in this county recently? Does the fact that I only have 20 acres and 90% of the plot is already leased reduce my leverage here?
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### Author:  [@Doug\_Smith](https://www.mineralrightsforum.com/u/Doug_Smith)
#### Post date: [May 23, 2011, 2:56pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/4 "2011-05-23T14:56:21Z")
We received $500 bonus, 25% royalty, 3 years in Terry County for a couple hundred acres. Hope this helps.
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### Author:  [@Under\_par](https://www.mineralrightsforum.com/u/Under_par)
#### Post date: [June 22, 2011, 4:56am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/5 "2011-06-22T04:56:21Z")
Any updates on activity in the area?
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### Author:  [@Shelby\_Bozeman1](https://www.mineralrightsforum.com/u/Shelby_Bozeman1)
#### Post date: [June 23, 2011, 10:27pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/6 "2011-06-23T22:27:16Z")
Doug Smith said:
> we received $500 bonus, 25% royalty, 3 yrs in Terry County for a couple hundred acres. Hope this helps
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### Author:  [@Shelby\_Bozeman1](https://www.mineralrightsforum.com/u/Shelby_Bozeman1)
#### Post date: [June 23, 2011, 10:29pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/7 "2011-06-23T22:29:19Z")
As regards to the $500/A, 25% royalty, and three yr lease, can you give a location? Or at least what quadrant of the county?
Thanking you in advance for a reply.
Shelby Bzeman San Angelo, Texas
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### Author:  [@Nancy\_Mickey](https://www.mineralrightsforum.com/u/Nancy_Mickey)
#### Post date: [July 31, 2011, 11:33pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/8 "2011-07-31T23:33:51Z")
I am new to this forum. I just received an offer for $350 per acre for 3 years and a 1/5 royalty. This is in Terry County. What I have is per them is 480 gross acres x 1/24th fractional interest. My paperwork says I have UD 1/6 interest in UD 1/4 interest and it lists a particular block. This is very confusing since I am unclear on what this all means.
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### Author:  [@Shelby\_Bozeman1](https://www.mineralrightsforum.com/u/Shelby_Bozeman1)
#### Post date: [August 1, 2011, 1:47am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/9 "2011-08-01T01:47:03Z")
Nancy,
You claim you have UD 1/6 of an UD 1/4 which would equal an UD 1/24 of the total. You own 1/6 of a 1/4 of a piece of a pie. Take a pie and divide it in quarters, then slice each quarter into 6 pieces. If you did the same to each quarter of the pie, there would be 24 pieces in total. Your portion of the pie would be 1/24. Did this help? Also, the 20% royalty sounds low to me. I would try getting closer to 25%.
Nancy, can you tell me where in Terry County your property is located? At least what quadrant of the county.
Shelby
Nancy Mickey said:
> I am new to this forum. I just received an offer for $350 per acre for 3 years and a 1/5 royalty. This is in Terry County. What I have is per them is 480 gross acres x 1/24th fractional interest. My paperwork says I have UD 1/6 interest in UD 1/4 interest and it lists a particular block. This is very confusing since I am unclear on what this all means.
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### Author:  [@mark\_r\_delaneo](https://www.mineralrightsforum.com/u/mark_r_delaneo)
#### Post date: [August 3, 2011, 11:19pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/10 "2011-08-03T23:19:32Z")
I was offered a 3-year +2, 23% royalty at $400.00 per acre at 10 acres, one sixteenth % interest. I don’t know if I will take it or not. I am looking for another oil company. The rest of my family took the money and signed on the line without much concern.
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### Author:  [@Shelby\_Bozeman1](https://www.mineralrightsforum.com/u/Shelby_Bozeman1)
#### Post date: [August 4, 2011, 2:04am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/11 "2011-08-04T02:04:25Z")
Hello Mark… could you please tell me where your property is located, or at least what quadrant of the county you’re located… Shelby
mark r delaneo said:
I was offered a 3-year +2, 23% royalty at $400.00 per acre at 10 acres, one sixteenth % interest. I don’t know if I will take it or not. I am looking for another oil company. The rest of my family took the money and signed on the line without much concern.
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### Author:  [@mark\_r\_delaneo](https://www.mineralrightsforum.com/u/mark_r_delaneo)
#### Post date: [August 4, 2011, 2:14am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/12 "2011-08-04T02:14:07Z")
Sure, it’s the west half of the west half of Section 62 Block 4X.
Hope that helps.
Mark
(the east side of Brownfield south of the east to west highway)
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### Author:  [@Shelby\_Bozeman1](https://www.mineralrightsforum.com/u/Shelby_Bozeman1)
#### Post date: [August 4, 2011, 2:31am UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/13 "2011-08-04T02:31:12Z")
Thanks for the reply Mark… I have an undivided 1/2 interest in 160 acres due south of you about 6-7 miles. I passed on an offer of $150 for 5 years and 20% back several months ago. I keep hearing now $350-400 and 23% makes me feel good about the pass… Shelby
mark r delaneo said:
Sure, it’s the west half of the west half of Section 62 Block 4X.
Hope that helps.
Mark
(the east side of Brownfield south of the east to west highway)
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### Author:  [@Nancy\_Mickey](https://www.mineralrightsforum.com/u/Nancy_Mickey)
#### Post date: [August 22, 2011, 8:21pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/14 "2011-08-22T20:21:25Z")
I have received offers from Ramsey Petroleum and Double Eagle Development, both from Midland. Anyone used them before on leases in Terry County?
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### Author:  [@mark\_r\_delaneo](https://www.mineralrightsforum.com/u/mark_r_delaneo)
#### Post date: [August 22, 2011, 10:27pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/15 "2011-08-22T22:27:04Z")
Nancy, my family and I have signed a contract with Scott Ramsey. It was for $400.00 per mineral acre. We have a combined area of 80 acres, a royalty payment of 23% for 3 years with an option to renew for 2 years. I am told that’s about the going rate. Our land is the west half of the west half Section 62 Block 4X. I found him courteous and helpful. If you need to know more you can call me at 918-691-3397 Tulsa OK time.
Hope this helps.
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### Author:  [@Nancy\_Mickey](https://www.mineralrightsforum.com/u/Nancy_Mickey)
#### Post date: [August 24, 2011, 1:20pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/16 "2011-08-24T13:20:44Z")
Did you sign a Pugh clause with the standard lease agreement? I am still negotiating but getting closer.
mark r delaneo said:
Nancy, my family and I have signed a contract with Scott Ramsey, it was for $400.00 per mineral acre, we have a combined area of 80 acres, a royalty payment of 23% for 3 years with an option to renew for 2 years. I am told that’s about the going rate. Our land is the west half of the west half Section 62 Block 4X. I found him courteous and helpful. If you need to know more you can call me at 918-691-3397 Tulsa OK time.
Hope this helps
Mark
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### Author:  [@mark\_r\_delaneo](https://www.mineralrightsforum.com/u/mark_r_delaneo)
#### Post date: [August 24, 2011, 4:23pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/17 "2011-08-24T16:23:55Z")
Our attorney didn’t mention anything about a Pugh clause, what is it?
Thanks
Mark
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### Author:  [@Nancy\_Mickey](https://www.mineralrightsforum.com/u/Nancy_Mickey)
#### Post date: [August 24, 2011, 4:43pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/18 "2011-08-24T16:43:07Z")
Here is a website I found on Pugh clause that may help. [http://www.rossandrosslaw.com/pugh\_clause](http://www.rossandrosslaw.com/pugh_clause)
If you have a Pugh clause, the clause will provide that only the portion of the land in a unit pool is held so that you are free to lease out the remaining land to another company so that you can earn money from the land.
I am working with my cousins on pooling ours together so it would be a total of approx. 92 acres.
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### Author:  [@mark\_r\_delaneo](https://www.mineralrightsforum.com/u/mark_r_delaneo)
#### Post date: [August 24, 2011, 9:27pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/19 "2011-08-24T21:27:41Z")
Thank You
Mark
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### Author:  [@Robert\_Tilden](https://www.mineralrightsforum.com/u/Robert_Tilden)
#### Post date: [January 23, 2012, 7:35pm UTC](https://www.mineralrightsforum.com/t/lease-offers-in-terry-county-tx/23349/20 "2012-01-23T19:35:47Z")
Has anyone heard anything about drilling in Terry County around the Rich Lake area northeast of Brownfield? I have been contacted by a company called Threshold who says they are working for Shell Oil Company. If I am going to lease anyone my land, near Rich Lake, if given a choice, I’d prefer to lease to someone who is actually going to drill on the land. I was offered $350 plus 20% royalty for 10 acres.
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