What is the going rate for leasing Reeves County Texas?

FYI – no bids received Re: “GLO Sealed Bid O&G Lease Sale - October 8, 2019 #MGL 50 - E/2 SEC 43 BLK 72 PSL, 320 acres, A-4615 Minimum Bid $4,000/ac 3-Year Term, 25% RI” Later – Buzz