# New lease questions?
**URL:** https://www.mineralrightsforum.com/t/new-lease-questions/54117
**Category:** Reeves County, TX
**Created:** [December 18, 2019, 2:52am UTC](https://www.mineralrightsforum.com/t/new-lease-questions/54117 "2019-12-18T02:52:29Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@bc5500](https://www.mineralrightsforum.com/u/bc5500)
#### Post date: [December 18, 2019, 2:52am UTC](https://www.mineralrightsforum.com/t/new-lease-questions/54117/1 "2019-12-18T02:52:29Z")
Recently signed a lease with Rio Oil & Gas for $8,500 an acre on 5 acres. Located in Section 34, Block 50, Township 7S, T&P Railway Company survey. My part is .00625 of 25% of the mineral interests and surface rights, and was curious to know if this is a fair amount and if anyone is familiar with this area?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [February 16, 2020, 2:52am UTC](https://www.mineralrightsforum.com/t/new-lease-questions/54117/2 "2020-02-16T02:52:29Z")
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