Hello,
Can anyone let me know what kind of bonus rates you are seeing/ or would expect, in or around Block 55 T4, Reeves cty. We have a 50 + acre parcel in the SE part of that block that is currently unleased but literally surrounded by producing and permitted wells. At present, we do not want to be specific as to the section or other particulars.
It is State of Texas land, but we have the other 50% mineral rights, undivided. If you have a number, please list it as for the total lease, before the State’s split.
Thanks, Mick