# Lease Rates in Block 55 Twp.7?

**URL:** https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691
**Category:** Reeves County, TX
**Created:** [October 26, 2017, 1:49pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691 "2017-10-26T13:49:23Z")
**Posts on this page:** 7
**Page:** 1

<div class="post-metadata">

### Author: ![Liz\_M](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/liz_m/32/10342_2.png) [@Liz\_M](https://www.mineralrightsforum.com/u/Liz_M)
#### Post date: [October 26, 2017, 1:49pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/1 "2017-10-26T13:49:23Z")

</div>

I see that Apache has permitted a well in Section 10. We have adjacent property (Section 16) and are wondering what the going rates are in that general area. We are in trust and held by a bank, so we tend to get leased last, but it would be nice to know where to start if/when we are approached. TIA for any help you can give.

---

<div class="post-metadata">

### Author: ![BP1](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/bp1/32/69_2.png) [@BP1](https://www.mineralrightsforum.com/u/BP1)
#### Post date: [October 26, 2017, 1:58pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/2 "2017-10-26T13:58:00Z")

</div>

You are pretty far south. Likely won’t get solid offers until we see how those recently permitted Apache wells do. Right now, I wouldn’t expect more than $3k/acre bonus. If the wells bring more activity to the area, then you should get up to $5k/acre.

---

<div class="post-metadata">

### Author: ![Liz\_M](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/liz_m/32/10342_2.png) [@Liz\_M](https://www.mineralrightsforum.com/u/Liz_M)
#### Post date: [October 26, 2017, 2:04pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/3 "2017-10-26T14:04:58Z")

</div>

Thanks, BP. That is very helpful.

---

<div class="post-metadata">

### Author: ![BP1](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/bp1/32/69_2.png) [@BP1](https://www.mineralrightsforum.com/u/BP1)
#### Post date: [October 26, 2017, 2:18pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/4 "2017-10-26T14:18:21Z")

</div>

No problem! If your interest is open and you want to lease now, feel free to add me as a friend and message me. I can talk to some companies and see what they would offer.

---

<div class="post-metadata">

### Author: ![Liz\_M](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/liz_m/32/10342_2.png) [@Liz\_M](https://www.mineralrightsforum.com/u/Liz_M)
#### Post date: [October 26, 2017, 2:27pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/5 "2017-10-26T14:27:25Z")

</div>

Our interest is open, but we don’t mind waiting. We just like to keep tabs on activity and rates. This area hasn’t had a huge amount of interest until recently. I know there are others near us on this board, so they are probably interested in the going rates too. Thanks again!

---

<div class="post-metadata">

### Author: ![BP1](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/bp1/32/69_2.png) [@BP1](https://www.mineralrightsforum.com/u/BP1)
#### Post date: [October 26, 2017, 2:35pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/6 "2017-10-26T14:35:33Z")

</div>

Sounds like a good plan. If the time comes and you are ready to entertain offers, please feel free to get back in contact with me.

---

<div class="post-metadata">

### 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, 5:10pm UTC](https://www.mineralrightsforum.com/t/lease-rates-in-block-55-twp-7/1691/7 "2025-01-11T17:10:51Z")

</div>