# What's the going oil lease rates?
**URL:** https://www.mineralrightsforum.com/t/whats-the-going-oil-lease-rates/41513
**Category:** Lea County, NM
**Created:** [February 11, 2019, 5:30pm UTC](https://www.mineralrightsforum.com/t/whats-the-going-oil-lease-rates/41513 "2019-02-11T17:30:59Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@M\_D\_Wood](https://www.mineralrightsforum.com/u/M_D_Wood)
#### Post date: [February 11, 2019, 5:30pm UTC](https://www.mineralrightsforum.com/t/whats-the-going-oil-lease-rates/41513/1 "2019-02-11T17:30:59Z")
We were looking to see if anyone has an idea of the best lease rates being offered in Township 2, Section 13S, Range 38E, Lea County for 1/4 RI and 1/5 RI.
We are being offered 1/5 RI and $300/NMA lease bonus.
Thoughts?
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### Author:  [@BP11](https://www.mineralrightsforum.com/u/BP11)
#### Post date: [February 11, 2019, 6:51pm UTC](https://www.mineralrightsforum.com/t/whats-the-going-oil-lease-rates/41513/2 "2019-02-11T18:51:47Z")
Seems light given the climate right now. The S/2 of the County is where there have been very high offers $80K+/acre while the N/2 looks to be ranging from low hundreds up to around $4,500. I would counter with a higher but viable bonus along with a 1/4 royalty, 3-year no extension term and any standard Pugh clauses you want (e.g., no deductions for marketing/servicing) and let them come back to you with a response.
The worst they can say is no but I assume you’ll end up with better terms than currently being offered, particularly if it is from an operator with other holdings in the area.
Good luck!
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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/whats-the-going-oil-lease-rates/41513/3 "2025-01-11T18:35:35Z")