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Royalty Clerk

Terry County, Texas

Terry County lease offers: what is on record

7 State leases on record in the last five years, the latest in March 2026. 50 drilling permits in the last 24 months.
Compare my offerScan a lease

State land, so a reference and not a price.

The record

Bonus, royalty and term in Terry County

  • State Relinquishment Act leases

    Jan 2023 to Mar 2026, State land

    Leases
    7
    Median
    $400
    Bonus per acre, middle half
    $300 to $500
    Royalty
    12.5%

Figures are for Terry County. State figures come from the General Land Office's past bid sales. Shared offers are moderated and shown only as a range of at least three offers from at least three people. The State leases State land, so its prices are a reference, not what a private owner will be offered.

Median bonus per acre by year, every year on record
YearRelinquishment Act leasesState sealed-bid sales
2026$500 (2 leases)None
2025$550 (2 leases)None
2023$200 (3 leases)None
2021$63 (2 leases)None

Compare an offer

Where does your Terry County offer fall?

Add the bonus, royalty and term from the offer.

Paid once, when you sign.

The share of production paid to you.

How long the lease lasts if nothing is drilled.

Have two or three offers? Lay them side by side

Two or three offers

Bigger bonus or bigger royalty?

Put the offers side by side. You will see how much more one pays up front, and how much oil and gas the wells must sell before the higher royalty pays you more, next to what new leases in Terry County sold.

Your land

The same land for every offer. Then fill in each offer below.

County

Terry County, Texas

Your share of the tract's mineral acres. Half the minerals under 20 acres is 10.

We start at 1,280. Use the size in the offer or a division order if you know it.

OFFERA

Paid once, when you sign.

As the offer writes it: 1/4, 3/16, 25% or 0.25.

How long the lease lasts if nothing is drilled.

BONUS AT SIGNING
$50,000(most up front)$5,000 × 10 net acres
YOUR SHARE OF THE UNIT
0.0014648418.75% royalty × 10 ÷ 1,280 unit acres
TERM
3 years.

OFFERB

Paid once, when you sign.

As the offer writes it: 1/4, 3/16, 25% or 0.25.

How long the lease lasts if nothing is drilled.

BONUS AT SIGNING
$40,000$4,000 × 10 net acres
YOUR SHARE OF THE UNIT
0.00195313(highest royalty)25% royalty × 10 ÷ 1,280 unit acres
TERM
3 years, plus 2 more if the company uses its option ($10,000, left out).

Have a third offer?

Option payments

Left out: we do not assume the company extends the lease. The company decides whether to use an option, so leaving it out is the cautious comparison.

Open on its own page to share it

A worked example. Put in the offers you have.

The break-even

Offer A pays $10,000 more up front, but offer B pays you more once the wells in the unit sell over $20.5 million of oil and gas in all.

That is about 270,000 barrels of oil at $75.87, the average WTI price of the last 12 months (through August 2026).

Offer B catches up at $20.5 million of sales.

Gross sales from the unit’s wells, over their life

Middle half of new leases in Terry CountyMedianBreak-evenEstimate, not a prediction for your land

THE WORKING

Bonus, offer A$5,000 × 10 net acres
$50,000
Bonus, offer B$4,000 × 10 net acres
$40,000
Bonus difference, B minus AOffer A pays more up front
−$10,000
Your share, offer A
0.00146484
Your share, offer B
0.00195313
Share difference, B minus A
+0.00048828
Break-even gross sales$10,000 ÷ 0.00048828
$20,480,000
Average WTI oil price, last 12 monthsThrough August 2026
$75.87
The break-even in barrels of oilBreak-even ÷ average price
269,938 bbl

What this comparison assumes

  • Both offers cover the same land in the same unit, so the same wells and the same sales.
  • A dollar of royalty in ten years counts the same as a dollar of bonus today.
  • Royalty is figured on gross sales, before severance tax and any costs the lease lets the company take out.
  • Option payments are left out: we do not assume the company extends the lease.
  • The first term is shown but not used. It does not tell us when, or whether, a well is drilled.
  • Your net acres do not move the break-even. The unit’s size does: a unit twice as big doubles it.

Estimate · about the county, not your land

What new leases in Terry County sold

The gross value of the oil and gas that Railroad Commission leases in Terry County sold in their first 12, 24 and 36 months of production, for leases that started producing in the last six years. It tells you about leases in the county. It is not a prediction for your land or for when, or whether, a well is drilled on it.

  • The median new lease in Terry County had sold $667,042 by 12 months, less than the $20.5 million it takes here. That is the longest period in the record, and we do not guess past it.
Gross sales of new leases in Terry County, by months since first production (estimate). M means million dollars.
Months since first productionMedianMiddle half
12 months12 leases$0.7M$0.5M to $1.4M

M means million dollars. The middle half runs from the lower quarter to the upper quarter: a quarter of the leases sold less, a quarter sold more. Half sold more than the median and half less.

How this estimate is made
  • A Railroad Commission lease stands in for a unit. It is not your unit, and its wells are not your wells.
  • Months count from the first month the lease shows production in the record we hold, which may not be its very first.
  • A lease counts only when every month of the period was reported.
  • Volumes the operator reported moving, priced at each month's WTI oil and Henry Hub gas prices. Some of those volumes are not sales, so this is a gross value, not money anyone received.
  • One Mcf of gas is counted as one MMBtu.
  • Before taxes and costs, with no discounting.
  • Between 12, 24 and 36 months we draw a straight line from one median to the next.
  • The leases counted at 12, 24 and 36 months are not all the same leases.
  • We say nothing about when drilling starts or when a well first produces.

SourceRailroad Commission production reports, priced at the EIA’s monthly WTI and Henry Hub averages; worked out Oct 4, 2026.

Each offer against Terry County’s lease record

OFFER A

  • Your bonus of $5,000 an acre is above the middle half of those leases: $300 to $500 an acre, median $400.From 7 Relinquishment Act leases in Terry County recorded by the General Land Office, 2023 to 2026 (a surface owner leasing for the State: the closest public comparison to a private lease).
  • The lease's royalty of 3/16 compares with 1/8, the most common one in General Land Office leases for Terry County.From the most common royalty in General Land Office leases for Terry County.
  • The lease's first term of 3 years compares with a median of 3 years in Terry County.From the median first term in General Land Office leases for Terry County.

OFFER B

  • Your bonus of $4,000 an acre is above the middle half of those leases: $300 to $500 an acre, median $400.From 7 Relinquishment Act leases in Terry County recorded by the General Land Office, 2023 to 2026 (a surface owner leasing for the State: the closest public comparison to a private lease).
  • The lease's royalty of 1/4 compares with 1/8, the most common one in General Land Office leases for Terry County.From the most common royalty in General Land Office leases for Terry County.
  • The lease's first term of 3 years compares with a median of 3 years in Terry County.From the median first term in General Land Office leases for Terry County.

Drilling

New drilling permits in Terry County

Permits the Railroad Commission issued in the last 24 months. A permit is permission to drill; it is not a well and it does not mean any particular land is drilled.

50 permits, 1 horizontal.

  • Sep 20264
  • Aug 20262
  • Jul 20261
  • Jun 20261
  • Apr 20265
  • Mar 20263
  • Feb 20261
  • Dec 20251
  • Nov 20254
  • Oct 20256
  • Sep 202510
  • Jul 20254
The latest permits
IssuedOperator, lease and type
2026-09-16Basin Oil & Gas Operating, LLCSUNTURA (LOWER CLEAR FORK) UNIT · Vertical
2026-09-15Basin Oil & Gas Operating, LLCSUNTURA (LOWER CLEAR FORK) UNIT · Vertical
2026-09-04Aviator Energy, LLCM. FLACHE 71 · Vertical
2026-09-04Aviator Energy, LLCHARRED 92 · Vertical
2026-08-20Basin Oil & Gas Operating, LLCSUNTURA (LOWER CLEAR FORK) UNIT · Vertical
2026-08-06Basin Oil & Gas Operating, LLCSUNTURA (LOWER CLEAR FORK) UNIT · Vertical
2026-07-16Basin Oil & Gas Operating, LLCSUNTURA (LOWER CLEAR FORK) UNIT · Vertical
2026-06-18Basin Oil & Gas Operating, LLCSUNTURA (LOWER CLEAR FORK) UNIT · Vertical
2026-04-30Griffin Petroleum CompanyGRIFFIN A · Vertical
2026-04-24Griffin Petroleum CompanyGRIFFIN · Vertical

All of Terry County: leases, operators and production

Other counties

Lease figures in other counties

Related

FAQ

Questions people ask

What do oil and gas leases pay per acre in Terry County, Texas?

Relinquishment Act leases: 7 leases, median bonus $400 per acre (middle half $300 to $500). These are State land sales and shared offers, a reference for a private offer and not a promise of one.

What royalty do Terry County leases have?

The most common oil royalty in relinquishment act leases is 12.5 percent. A private lease sets its own royalty, and the words that figure it matter as much as the fraction.

Is drilling active in Terry County?

The Railroad Commission issued 50 drilling permits in Terry County in the last 24 months, 1 of them for horizontal wells. A permit is permission to drill, not a well.

How do I know if my offer is good?

Compare its bonus, royalty and first term with the figures on this page, then scan the lease itself for the clauses that decide what you are paid: how costs are treated, what land is released after the first term, and any option to extend. The offer check on this page does the first part with no account.

Scan a lease

Got a lease in front of you?

The scan quotes the sentence of your lease behind every flag.

Scan the leaseWatch this county

Sources

Primary sources, opened on 29 September 2026. Statute text is the current version on statutes.capitol.texas.gov.