# Lease Value Help

**URL:** https://www.mineralrightsforum.com/t/lease-value-help/52961
**Category:** Reeves County, TX
**Created:** [November 8, 2019, 8:51pm UTC](https://www.mineralrightsforum.com/t/lease-value-help/52961 "2019-11-08T20:51:41Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Chris\_Mayer](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/chris_mayer/32/13487_2.png) [@Chris\_Mayer](https://www.mineralrightsforum.com/u/Chris_Mayer)
#### Post date: [November 8, 2019, 8:51pm UTC](https://www.mineralrightsforum.com/t/lease-value-help/52961/1 "2019-11-08T20:51:41Z")

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Reeves County, Section 38, Block, H&G RR Co Survey A-2370

I have mineral rights in this area and I see Anadarko has applied for 3 drill permits. Current lease expires in 13 months. Had no clue as to the value when the lease was signed 2 years ago (0.03720238 NMA on 50 acre). We got $200 (total) up front.

Any idea what current and potential value of this lease could be?

Thanks

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### Author: ![NMoilboy](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/nmoilboy/32/20759_2.png) [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [November 8, 2019, 9:31pm UTC](https://www.mineralrightsforum.com/t/lease-value-help/52961/2 "2019-11-08T21:31:12Z")

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Chris,

Assuming you leased at 25% royalty… with Williams State permits on it’s probably worth $30-35k per NMA. It’s 0.0372 NMA so… let’s say it’s worth around $1000. To you. Decent place to own, just very very small interest.

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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, 5:05pm UTC](https://www.mineralrightsforum.com/t/lease-value-help/52961/3 "2025-01-11T17:05:26Z")

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