# What are Average NRA or NMA going for in southern Reeves Co?
**URL:** https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388
**Category:** Reeves County, TX
**Created:** [March 9, 2022, 8:40pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388 "2022-03-09T20:40:10Z")
**Posts on this page:** 19
**Page:** 1
### Author:  [@Russell\_Jones](https://www.mineralrightsforum.com/u/Russell_Jones)
#### Post date: [March 9, 2022, 8:40pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/1 "2022-03-09T20:40:10Z")
What are Average NRA or NMA going for in southern Reeves County?
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 10, 2022, 3:35pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/2 "2022-03-10T15:35:32Z")
If you are comfortable giving location specifics I think it’s more likely you’d get a meaningful answer. Reeves is huge.
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### Author:  [@Russell\_Jones](https://www.mineralrightsforum.com/u/Russell_Jones)
#### Post date: [March 10, 2022, 7:25pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/3 "2022-03-10T19:25:45Z")
South of Pecos on HWY 17 about 12 miles.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 11, 2022, 8:15pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/4 "2022-03-11T20:15:19Z")
Things are going to get less valuable heading south on 117. In general.
12 miles south is roughly Section 193/192 of Block 13… County Road 126 territory.
I’d say from County Road 112 up to Davidson Road it’s probably $8k-14k per net revenue acre. Twice that per net mineral acre if you are at 25% royalty. That should cover 12 miles south of Pecos. It’s hard to say specifically as it’s so dependent on current production rate, how much has been produced to date, and signs that anyone will drill more wells in your unit.
If you have one old well and nothing going on it’s going to be at the low end. If you have a rig drilling or DUCs or permits or new wells, the high end. **Of my completely speculative range**. I don’t know the average, it’s just wetting a finger and sticking it up in the wind and guessing. All standard disclaimers apply about one random guy on an internet chat board. This is to sell mineral rights.
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### Author:  [@Linton\_Tomlin](https://www.mineralrightsforum.com/u/Linton_Tomlin)
#### Post date: [March 11, 2022, 10:49pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/5 "2022-03-11T22:49:58Z")
Hi, NMoilboy! Question, what is an “old well” in this context? Just curious.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 12, 2022, 6:24pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/6 "2022-03-12T18:24:42Z")
Arbitrary, not hard and fast. Anything that isn’t making “new well” levels of oil. For example, a 2015 horizontal well making 1000 bopm versus a 2020 horizontal well making 10000 bopm. Basically, if you are getting less current production, your acreage would be worth less. In my opinion.
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### Author:  [@Linton\_Tomlin](https://www.mineralrightsforum.com/u/Linton_Tomlin)
#### Post date: [March 12, 2022, 6:48pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/7 "2022-03-12T18:48:37Z")
Thanks! I was really asking more from a depletion concern than sales concern, but you answered my question.
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### Author:  [@Tommy\_Joe](https://www.mineralrightsforum.com/u/Tommy_Joe)
#### Post date: [May 23, 2022, 10:28am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/8 "2022-05-23T10:28:51Z")
NMoilBoy, heard recently of any interested parties in the southern Delaware actively looking to lease or buy minerals? Around 7 miles south-southwest of Pecos? Between Highway 17 and 2903? Thanks.
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### Author:  [@Tommy\_Joe](https://www.mineralrightsforum.com/u/Tommy_Joe)
#### Post date: [May 23, 2022, 10:31am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/9 "2022-05-23T10:31:52Z")
Russell\_Jones, have you gotten any interest to lease or sell your minerals? If so, would you care to elaborate? Thanks.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [May 23, 2022, 1:15pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/10 "2022-05-23T13:15:20Z")
7 miles SW of Pecos should put you in C8, C9, C10 area. That should be within the “known bounds” of where the Wolfcamp is productive (i.e. not further SW into Apache area). I’m sure **somebody** would buy (or lease) your minerals there, but I don’t know any specifics. That area is pretty much operated by Chevron or Centennial.
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### Author:  [@Number\_Nine](https://www.mineralrightsforum.com/u/Number_Nine)
#### Post date: [May 23, 2022, 7:27pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/11 "2022-05-23T19:27:35Z")
I’ve got an offer in Section 37 Block 4, Reeves County. There’s a $1000 sign on bonus for a 3-year contract with option to renew for another 2. Royalties at 25%. Does this seem fair?
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [May 23, 2022, 8:29pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/12 "2022-05-23T20:29:04Z")
Number\_Nine, there are some fantastic gas wells with condensate and also oil/gas wells in that area…if they were my minerals I would hold out for something between $5,000-$10,000 per acre…the 25% sounds good…as Buddy Cotton says…NEGOTIATE.
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### Author:  [@Number\_Nine](https://www.mineralrightsforum.com/u/Number_Nine)
#### Post date: [May 24, 2022, 12:13am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/13 "2022-05-24T00:13:35Z")
Thanks again for your help, Clint!
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### Author:  [@Brenda\_Johnson](https://www.mineralrightsforum.com/u/Brenda_Johnson)
#### Post date: [May 24, 2022, 4:33am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/14 "2022-05-24T04:33:26Z")
I wouldn’t consider a $1000 bonus for any tract. That’s way too low. I usually get $10K - $12K.
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### Author:  [@Rick5](https://www.mineralrightsforum.com/u/Rick5)
#### Post date: [May 24, 2022, 11:37am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/15 "2022-05-24T11:37:27Z")
We have received extremely nice lease bonuses for our 4 different sections in Reeves County. All at 25% royalty on a three-year lease, and on either our lease or, in the case of the mineral classified interest, a State of Texas lease which is very pro-royalty owner. The least we went for was 6k an acre on the minerals classified Section 28; that was a decade ago, and the state got half of that, and the most was 15K an acre with Centennial. We went 10K an acre for the other two sections.
We profit very nicely from Reeves County right now. All our sections are producing. We have interests in the State Annex wells with BPX, the Barracuda wells with Centennial, and the Young wells with Oxy.
1000 an acre for Reeves County is an offer I wouldn’t consider for 2 seconds.
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### Author:  [@Number\_Nine](https://www.mineralrightsforum.com/u/Number_Nine)
#### Post date: [May 29, 2022, 10:28am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/16 "2022-05-29T10:28:31Z")
Clint thank you so much for replying to me! I’ve been trying to gather some advice on here for weeks with no luck. When you say try and negotiate between 5 to 10 thousand per acre does that translate to the amount of the sign on bonus? Also curious as to how I could hire my own Landman to research the information given to me from the petrol company. As the mineral rights were unknown to me until very recently. I guess I’m confused because the paperwork defines what I am in possession of is 80 acres. I understand they can split mineral and land rights but after researching Texas databanks I can find no record of such a split ever taking place. Is this normal? Does one usually take a gas company at their word or is there a chance they could be dishonest about what they are presenting as rightfully belonging to my family? I worry by signing said lease I could relinquish my claim to more than they are showing.
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [May 30, 2022, 10:40pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/17 "2022-05-30T22:40:31Z")
Number\_Nine, a word of caution. DON’T EVER BELIEVE A WORD AN OIL COMPANY/PRODUCER TELLS YOU UNLESS IT IS IN WRITING. THEY ARE NOT LOOKING OUT FOR YOUR BEST INTEREST.
Yes, that is pertaining to the sign-on bonus. You definitely need an oil/gas attorney or a trustworthy landman to help you.
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### Author:  [@Number\_Nine](https://www.mineralrightsforum.com/u/Number_Nine)
#### Post date: [June 5, 2022, 1:33am UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/18 "2022-06-05T01:33:32Z")
Thank you Clint, I guess I figured as much. It’s so unfamiliar with me altogether. But of course can’t really afford any representation so I’ve just been reading a lot and looking for answers as questions come up. Definitely appreciate your advice.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 7, 2022, 8:40pm UTC](https://www.mineralrightsforum.com/t/what-are-average-nra-or-nma-going-for-in-southern-reeves-co/65388/19 "2022-06-07T20:40:52Z")
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