Drake has finally begun recording leases in the Houston County Deed Records. They recorded 52 lease memos on 3/28/2025.
These leases cover acreage in the G Greenwood A-37 and R Pennington A-821 Surveys. The Greenwood leases total more than 2,000 acres.
Here is a map showing the location of these surveys:
We should see more lease memos filed in the next few months.
Thanks for this information, Alan.
There has been a lot more leased than just these filed leases. These brokers a “getting all the low hanging fruit” real cheap and long term from what I’ve heard.
I posted last week that Drake’s objective is to lease 30,000 acres in northwestern Houston County and 30,000 acres in southwestern Anderson County. I believe they are close to being done in Houston, and are doing title work in Anderson.
I was told by a company that there is an interest in drilling wells that are shallower than the Bossier/Haynesvillle in Houston County. They can be drilled a lot cheaper and produce liquids as well as gas. It’s not just a Bossier/Haynesville play.
Is it the Kiamichi shale?
Multiple possible formations above the top of the Bossier & Haynesville Shale. Depending upon the geology.
Drake #2 is now leasing East of Grapeland nearly to Percilla and they’re playing hardball. They are more CS than the Drake 1 team leasing West of Grapeland. They will not hardly budge from a 4 year lease, 3 year option and 3/16 Roy. Also they will not give a true cost free provision when requested by the mineral owners. They have offered up to $400 per nma but that is the highest I’ve heard. They need some competition
I figure that Expand/Chesapeake does not know “In House” how their lease brokers are dealing with Mineral Owners. Drake is Expand. IT is sort of like EOG and their CS way of doing business.
Drake filed 589 more lease memos on April 10. I’m just beginning to go through them.
