Yoakum County Texas - Bonus Rates

Oil and Gas Leasing Help
1

I was contacted about leasing a couple sections in Yoakum Co. Can anyone share what bonus and rate they have agreed to this year? Thanks!

2

What section?

3

The sections are in block D.

4

I have some in john h. gibson survey block d sec.807 and 138.

I wil be watching because i would like to lease mine.

5

I leased Section 709 in Block D for $300/ac + 1/4 royalty. I couldn't find any information about activity in that area, so don't know if I was generous or not.

gary speckman said:

I have some in john h. gibson survey block d sec.807 and 138.

I wil be watching because i would like to lease mine.

6

I lease 10 acres in Block D for $300/ac and 1/4 royalty

SW Mays said:

The sections are in block D.
7

Thanks Sheila, that's the type information I was looking for...

Sheila Arndt said:

I lease 10 acres in Block D for $300/ac and 1/4 royalty

SW Mays said:

The sections are in block D.
8

I got a recent offer for Sec 7 Block D for $225 an acre and 3/16. Central/Eastern part of Yoakum CO. Anyone near there?

9

Any tips on who to contact I have 640 acres in section 505 and 506 Block D. I would like to lease at this time

10

On aug. 16 Arlen Edgar,78 alongtime oil and gas invester was quoted as saying "anymore, a 25% royalty is standard and its not unusual to find 1000.00 to 3000.00. bounuses per acre in really hot areas" The article "Permian Basin in new oil boom. It was in the Aug. 19th 2012 El Paso Texas.

I have 640 acres that I would love to lease it is in section 505 and 506 Block D. My family has owned these mineral rights since appx 1909. This is in Yoakum county Texas in Plains. it is right next to the wasson field.Appx six miles. Looking at the Texas Rail Road commission it has a ton of wells on it. We turned down a lease offer in 1995

I hear prices like 250 - 400 dollars pr acre are being offered and accepted. Oxy oil who is working the wasson field said six miles was to far. I have spoken to several land men and people in the business.Even those who arn't interested at this time all say "dont sell your mineral rights and be sure to have an attorney go over your lease offer. I hope this information can help some one and I would love to hear from interested Oil companies Oil scouts or landmen. Or my neighbors.

Thank you Michael Patterson

Mpatterson567@hotmail.com