# NW/4 Section 37, Block 33
**URL:** https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030
**Category:** Borden County, TX
**Created:** [May 30, 2023, 2:20pm UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030 "2023-05-30T14:20:17Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@LizaLee](https://www.mineralrightsforum.com/u/LizaLee)
#### Post date: [May 30, 2023, 2:20pm UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/1 "2023-05-30T14:20:17Z")
Recently received an offer to lease 80 acres @ $100/acre with an 8-month lease and a “Bonus Payment” of $3.53 (probably cost more to mail the package than that) from Pinson Land Services for property in Borden County, Texas (as stated above) and 20% of sales of oil and gas. Anyone else receive this offer? I believe it is way too low and a very short-term lease. Any input would be greatly appreciated. Thanks!
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### Author:  [@George\_D\_Cato](https://www.mineralrightsforum.com/u/George_D_Cato)
#### Post date: [May 30, 2023, 9:16pm UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/2 "2023-05-30T21:16:58Z")
There are 3 Section 37, Block 33’s in Howard County. One in Township 1 South (T1S), One in Township 2 North (T2N), and One in Township 3 North (T3N). Please tell me which one.
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### Author:  [@Dusty1](https://www.mineralrightsforum.com/u/Dusty1)
#### Post date: [May 31, 2023, 12:42am UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/3 "2023-05-31T00:42:12Z")
$100/acre offer on 80 acres wouldn’t calculate to $3.53 bonus payment unless you are saying you own an extremely small share of the mineral interest in that 80 acres.
Not saying that’s a good offer, but a lease term of only 8 months typically would mean they have plans to drill very quickly, which would be to your advantage.
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### Author:  [@LizaLee](https://www.mineralrightsforum.com/u/LizaLee)
#### Post date: [May 31, 2023, 3:11am UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/4 "2023-05-31T03:11:14Z")
Dusty…thank you for your input! I think you are correct!
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### Author:  [@Donald\_Skotty](https://www.mineralrightsforum.com/u/Donald_Skotty)
#### Post date: [May 31, 2023, 12:41pm UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/5 "2023-05-31T12:41:10Z")
LizaLee probably has .0353 net mineral acres, which is a very small portion of the 80 acres. The bonus should be worth more than $100/nma, but even at $1000/nma that’s only $35.30. I would ask for an even $100.
More important though is the royalty which should be 25%.
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### Author:  [@LizaLee](https://www.mineralrightsforum.com/u/LizaLee)
#### Post date: [May 31, 2023, 3:04pm UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/6 "2023-05-31T15:04:28Z")
Donald\_Skotty, Thank you so much for your reply. I agree!
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 28, 2023, 2:20pm UTC](https://www.mineralrightsforum.com/t/nw-4-section-37-block-33/71030/7 "2023-08-28T14:20:41Z")
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