# Sec 21 & 31, T15S, 37E leasing acitivity
**URL:** https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165
**Category:** Lea County, NM
**Created:** [September 8, 2018, 12:58am UTC](https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165 "2018-09-08T00:58:53Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Jamie\_barry](https://www.mineralrightsforum.com/u/Jamie_barry)
#### Post date: [September 8, 2018, 12:58am UTC](https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165/1 "2018-09-08T00:58:53Z")
Has there been any activity in this area lately? T15S, 37E Gross 561/nma 136 in Section 31, gross 160/nma12.5 Section 21. Should section with more acreage be a higher lease bonus?
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [September 8, 2018, 1:28am UTC](https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165/2 "2018-09-08T01:28:35Z")
Closest wells in 15S, 37E are in Sections 1 & 2. No current activity in your sections specified.
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### Author:  [@Jamie\_barry](https://www.mineralrightsforum.com/u/Jamie_barry)
#### Post date: [September 8, 2018, 2:16am UTC](https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165/3 "2018-09-08T02:16:16Z")
What would be a reasonable offer to lease for 3 years in your opinion?
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### Author:  [@Kathy9](https://www.mineralrightsforum.com/u/Kathy9)
#### Post date: [September 12, 2018, 7:50am UTC](https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165/4 "2018-09-12T07:50:46Z")
Hi Jamie, the standard section has 640 acres. Are you asking if an owner with more minerals can demand a higher price per acre than an owner with less?
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:35pm UTC](https://www.mineralrightsforum.com/t/sec-21-31-t15s-37e-leasing-acitivity/33165/5 "2025-01-11T18:35:43Z")