Offer to lease Shaw Interests section 23 T13S, R38E Lea County


Hello, received an offer to lease for the above mentioned mineral interest. Own a little more than 14 nma. Offer is five hundred pnma, ¼ royalty, and three year lease with a two year option. Any ideas on going rates? We don’t do extensions that often so that is gone, but what is the going rate for this area?



I’m not sure about that specific area, but I ran across a site and they preach about showing going rates around your property. Might be worth a try.