# Reeves County lease offer on Blk 13, Section 247, Abstract 515
**URL:** https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529
**Category:** Reeves County, TX
**Created:** [June 6, 2018, 9:09pm UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529 "2018-06-06T21:09:46Z")
**Posts on this page:** 8
**Page:** 2
### Author:  [@Lawrence\_Rayburn](https://www.mineralrightsforum.com/u/Lawrence_Rayburn)
#### Post date: [June 23, 2018, 5:10am UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/21 "2018-06-23T05:10:40Z")
I have seen the 4D mapping of all of Reeves, Culberson, part of Hudspeth, Loving, Ward, and most of Pecos counties that Chesapeake did about 7 years ago, so I know where everything’s buried. Some of the stacked shale plays go 8 deep in places, but most are 5 layers, a few only 3 layers. But, there’s lots of production all over Reeves County, yet undiscovered and documented.
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### Author:  [@AdamFel](https://www.mineralrightsforum.com/u/AdamFel)
#### Post date: [June 23, 2018, 11:30am UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/22 "2018-06-23T11:30:31Z")
Do not listen to this guy; he is giving you all bad information. No one is going to pay you $25,000 an acre for a lease. The most I’ve seen was around $14,000 and that was a 3 year plus 2 year extension.
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### Author:  [@Buddy\_Cotten](https://www.mineralrightsforum.com/u/Buddy_Cotten)
#### Post date: [July 25, 2018, 8:01am UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/23 "2018-07-25T08:01:46Z")
CHK paid $27K per acre in Claiborne Parish, Louisiana several years ago. It was big news at the time.
Chevron paid over $50K per acre in the mid 1970’s. That was a funny story.
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### Author:  [@carl\_breitenbach](https://www.mineralrightsforum.com/u/carl_breitenbach)
#### Post date: [July 25, 2018, 9:04pm UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/24 "2018-07-25T21:04:54Z")
I also am in Block 13 Tract 271. Where can I find out how that section is doing?
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### Author:  [@AdamFel](https://www.mineralrightsforum.com/u/AdamFel)
#### Post date: [August 20, 2018, 10:58pm UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/25 "2018-08-20T22:58:09Z")
You’re literally comparing apples to oranges. One is a totally different area and the other was when the oil and gas crisis was going on.
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### Author:  [@Lawrence\_Rayburn](https://www.mineralrightsforum.com/u/Lawrence_Rayburn)
#### Post date: [August 21, 2018, 12:29am UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/27 "2018-08-21T00:29:48Z")
“If you were to sell there is nowhere you can put your money that will match the returns & tax advantages that come with owning an interest in the Southern Delaware Basin.”…Spivey
I’d ordinarily agree with you Mr. Spivey, but Hudspeth County, where the newly named part of the Delaware is now Orogrande Basin, is a continuation of the stacked shale play but has a big concentration of Pennsylvanian oil and gas, that a company named Torchlight is currently mapping the boundaries for and plans a massive drilling program there. (and Clayton Williams may be a silent partner or operating under a pseudonym there). The kicker is that the surface land is still available at under $500/acre and minerals can still be had for $3,000 to $8,000/NMA. So, if Mr. Johnston did sell his minerals and/or surface, he COULD pour the money into surface and minerals in the Orogrande Basin and still come out with a very lucrative investment. He is sure to make a handsome profit on. That’s just my opinion/observation, not a recommendation. He’s better off to hold on to what he’s got and wait for the lucrative offers to come to him. Still recommend holding out for $25,000/NMA there.
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### Author:  [@Cam](https://www.mineralrightsforum.com/u/Cam)
#### Post date: [August 21, 2018, 1:00am UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/28 "2018-08-21T01:00:03Z")
What tax advantages are you referring to? As a mineral owner we have to pay our standard tax bracket percent on royalty payments, unfortunately!
Selling is taxed at the capital gains rate, but royalties received on producing minerals are taxed at your normal rate for whatever bracket you happen to fall into.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:08pm UTC](https://www.mineralrightsforum.com/t/reeves-county-lease-offer-on-blk-13-section-247-abstract-515/27529/30 "2025-01-11T17:08:53Z")
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