# Question about Reeves Co. Section 5/Lot 7 ...I'm new at this!
**URL:** https://www.mineralrightsforum.com/t/question-about-reeves-co-section-5-lot-7-im-new-at-this/25702
**Category:** Reeves County, TX
**Created:** [February 26, 2018, 6:21pm UTC](https://www.mineralrightsforum.com/t/question-about-reeves-co-section-5-lot-7-im-new-at-this/25702 "2018-02-26T18:21:14Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@KENNETH\_BALCOM](https://www.mineralrightsforum.com/u/KENNETH_BALCOM)
#### Post date: [February 26, 2018, 6:21pm UTC](https://www.mineralrightsforum.com/t/question-about-reeves-co-section-5-lot-7-im-new-at-this/25702/1 "2018-02-26T18:21:14Z")
Good morning everyone,
We recently found out that my spouse’s family owns land in Section 5, Lot 7 in Reeves County. After years of dormancy, we started to get offers to lease our land. Apparently, it’s been producing. The family hired a lawyer and negotiated a lease for a bit over $15,000/acre plus 25% royalties. Apparently, there is also royalty money from the past 5 months in escrow. We should know within the next few weeks, upon signing the paperwork, how much money we have coming to us in royalties.
My questions are:
1. Does anyone know how active this land is? I’m not sure if we’re talking a few barrels/day or if this is a major operation.
2. Does anyone in a similar situation know how much we could be looking to receive per acre in royalties? (Each family member owns about one acre.) I have no idea if we should be expecting a few dollars per month or something more substantial. I’m assuming since they paid such a high price to lease the land, it must have some value in terms of production.
Thank you in advance for any help/information. We’re both teachers and have very little knowledge of the industry, something we hope to change!
---
### Author:  [@Charles\_Emery\_Tooke\_III](https://www.mineralrightsforum.com/u/Charles_Emery_Tooke_III)
#### Post date: [February 26, 2018, 10:05pm UTC](https://www.mineralrightsforum.com/t/question-about-reeves-co-section-5-lot-7-im-new-at-this/25702/2 "2018-02-26T22:05:31Z")
Hi Kenneth, welcome to The Forum.
Did you mean Section 5, BLOCK 7? Is there anything else that goes with the legal description?
---
### Author:  [@KENNETH\_BALCOM](https://www.mineralrightsforum.com/u/KENNETH_BALCOM)
#### Post date: [February 27, 2018, 12:07am UTC](https://www.mineralrightsforum.com/t/question-about-reeves-co-section-5-lot-7-im-new-at-this/25702/3 "2018-02-27T00:07:26Z")
Oops, you’re correct, it’s Block 7. Shows how much I know about this.
More specifically, the family owns just over 11 NMA, of which we own 1/9th, so just over an acre for us.
More specifically:
"Section 5, Block 7, H&GN Ry. Co. Survey
Reeves County, Texas"
Thanks!
Ken
---
### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:10pm UTC](https://www.mineralrightsforum.com/t/question-about-reeves-co-section-5-lot-7-im-new-at-this/25702/4 "2025-01-11T17:10:21Z")