# Offer to lease sections 270 and 271 Block 13 Reeves county, Texas
**URL:** https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663
**Category:** Reeves County, TX
**Created:** [October 31, 2017, 12:13am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663 "2017-10-31T00:13:34Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@Mike\_Miller1](https://www.mineralrightsforum.com/u/Mike_Miller1)
#### Post date: [March 6, 2018, 9:23pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/23 "2018-03-06T21:23:30Z")
Thanks Brenda. Great info.
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [March 9, 2018, 10:48pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/24 "2018-03-09T22:48:29Z")
Hi Brenda, we are in the Toyah Valley Grape and Alfalfa subdivision H & GN Ry. Co. Survey.
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### Author:  [@Lynn\_Wood1](https://www.mineralrightsforum.com/u/Lynn_Wood1)
#### Post date: [March 10, 2018, 4:22pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/25 "2018-03-10T16:22:23Z")
The same amount for a lease extension in Section 265 Block 13 for my cousins’ small holding of 20 acres. 12k NMA.
The area is scheduled for drilling.
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### Author:  [@James\_Marrow](https://www.mineralrightsforum.com/u/James_Marrow)
#### Post date: [March 10, 2018, 9:32pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/26 "2018-03-10T21:32:06Z")
I have small acreage in the general area, but haven’t gotten more than an offer of $850/NMA from Apache. Who is offering the larger bonuses in this area? All over the map? Or a few companies?
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### Author:  [@pepperlong](https://www.mineralrightsforum.com/u/pepperlong)
#### Post date: [October 19, 2018, 1:22am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/27 "2018-10-19T01:22:29Z")
I just found out that I own mineral rights to Section 270, Block 13, H&GN Survey; lots 1 & 2 of block 8 of the Toyah Valley Grape and Alfalfa Company Subdivision of the N/2 of Section 270, Block 13, H&GN Railroad Company Survey, in accordance with a map or plat of said Subdivision recorded in Volume 25, Page 423 of the Deed Records of Reeves County Texas, containing 10.00 acres, more or less. Can someone explain what this means to me? My letter says that I’m the owner of an undivided 0.833334 net mineral acres under the above-described land.
If someone can explain what this means to me, I would really appreciate it. I’m 59 living in Florida & know nothing about this sort of thing.
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### Author:  [@Stephen5](https://www.mineralrightsforum.com/u/Stephen5)
#### Post date: [October 19, 2018, 3:27am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/28 "2018-10-19T03:27:06Z")
Your acreage is in the “sweet spot”. Make no quick decisions and seek counseling.
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### Author:  [@pepperlong](https://www.mineralrightsforum.com/u/pepperlong)
#### Post date: [October 19, 2018, 4:07am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/29 "2018-10-19T04:07:38Z")
> [@pepperlong](#):
>
> undivided 0.833334 net mineral acres
do you know what 10 acres “undivided 0.833334 net mineral acres” means? is it less than an acre, more??
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### Author:  [@pepperlong](https://www.mineralrightsforum.com/u/pepperlong)
#### Post date: [October 19, 2018, 4:08am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/30 "2018-10-19T04:08:26Z")
and thank you for the feedback 🙂 very much appreciated.
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### Author:  [@Lynn\_Wood1](https://www.mineralrightsforum.com/u/Lynn_Wood1)
#### Post date: [October 19, 2018, 4:22am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/31 "2018-10-19T04:22:38Z")
My cousins inherited mineral rights in Section 265, of the Toyah Valley etc, the last lease signing bonus was12,000 per nominal mineral acre, with 25% royalty on production once production starts.
This spot, because of the number of layers of petroleum deposition of shale bound oil, natural gas, and petroleum liquids, somewhere around five to seven or maybe more layers, has the potential to produce, over the period of the oil field’s production life of some 40 years, a barrel of oil per square foot of surface area. This means, that for practical purposes, you own a small piece of valuable mineral rights which should get you a few thousand dollars for a lease bonus, and once production starts, a few hundred dollars a year for royalty payments. Right now, oil companies are swapping and buying the signed leased acreage amongst themselves, in the range of 25, 000 to 40,000 dollars and even more. Now what this translate to those of us who have small holdings is to be yet seen.
But roughly, 80% of 12,000 per acre is $9600,oo Take your time and study. Turn it into a hobby. have fun. It is a good turn to the history of land swindle of the Methodist University and Methodists at the turn of the beginning of the 20th century before The Great War, the First World War.
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### Author:  [@pepperlong](https://www.mineralrightsforum.com/u/pepperlong)
#### Post date: [October 19, 2018, 4:27am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/32 "2018-10-19T04:27:11Z")
thank you for the information 🙂
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [February 7, 2019, 5:55pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/33 "2019-02-07T17:55:09Z")
Can anyone tell me if there have been any applications to drill yet in Sections 270 & 271, Block 13, H & GN RY County Survey? Signed a two-year extension lease early last year with Rosetta/Noble.
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### Author:  [@Brenda\_Johnson](https://www.mineralrightsforum.com/u/Brenda_Johnson)
#### Post date: [February 7, 2019, 8:34pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/34 "2019-02-07T20:34:24Z")
All I know is I’m getting great royalties from Anadarko and Centennial. Signed a 2-year extension with Double Eagle last October 2018.
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### Author:  [@carl\_breitenbach](https://www.mineralrightsforum.com/u/carl_breitenbach)
#### Post date: [February 10, 2019, 2:55am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/35 "2019-02-10T02:55:48Z")
I got the same offer 2 years ago in 271 Block 13, but 5000 PNMA.
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### Author:  [@Brenda\_Johnson](https://www.mineralrightsforum.com/u/Brenda_Johnson)
#### Post date: [February 10, 2019, 6:16am UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/36 "2019-02-10T06:16:06Z")
That’s about right for 2 years ago. They started offering $12K last fall. Heard from relatives Noble was offering $20K now. I think if they drill on your property, you don’t get any more bonuses unless they shut down the well.
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### Author:  [@carl\_breitenbach](https://www.mineralrightsforum.com/u/carl_breitenbach)
#### Post date: [February 10, 2019, 3:34pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/37 "2019-02-10T15:34:57Z")
My big question? Will they drill on my property? I look at almost all the sections around me and they all have some kind of action happening. I guess it is just a wait and see.
Carl
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### Author:  [@Brenda\_Johnson](https://www.mineralrightsforum.com/u/Brenda_Johnson)
#### Post date: [February 10, 2019, 7:42pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/38 "2019-02-10T19:42:48Z")
You will probably see drilling. If it’s all around you, the chances are very high that you will get activity. Like you said, when??
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### Author:  [@Kathryn\_Gooding](https://www.mineralrightsforum.com/u/Kathryn_Gooding)
#### Post date: [February 10, 2019, 7:47pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/39 "2019-02-10T19:47:48Z")
Hi Brenda. I have 25 NMA in 266/265 Block 13 leased with Noble, expiring July 2019. Where are your relatives’ minerals located? Is the $20K for lease or purchase?
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [February 10, 2019, 9:39pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/40 "2019-02-10T21:39:36Z")
Depends on the language in your lease, Brenda, if they lease or not. Language in my leases releases all acreage not included in any one well. This way I can re-lease the other acreage in the property. Make sure you have this added to your lease if you don’t already have it.
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [February 10, 2019, 9:55pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/41 "2019-02-10T21:55:24Z")
We received 10k an acre for Section 271, Carl.
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### Author:  [@carl\_breitenbach](https://www.mineralrightsforum.com/u/carl_breitenbach)
#### Post date: [February 10, 2019, 10:00pm UTC](https://www.mineralrightsforum.com/t/offer-to-lease-sections-270-and-271-block-13-reeves-county-texas/1663/42 "2019-02-10T22:00:23Z")
I guess next time I’ll hold out for more. Let’s hope they start drilling there soon.
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