4-16N-26W Lease Terms

How good is this offer to lease 20 acres in Township 4-16N Range 26W in Roger Mills County: $750/acre, 3 years, 3/16 with an option for a 2-year renewal at $750/acre?

Here is what they were ordered to pay a mile away. It is on pages 3 and 4. Do not give option to renew.

Did they make a well?

I could not find one.