I have within the last week executed all necessary documents to finalize a lease to MRC Permian for a $3000/nma bonus and 1/4 royalty on S17 T25S R36E using a lease I first put together for Amerdev, a producer recently purchased by MRC. MRC insisted that I accept their 3 year term with an option to extend for 2 more years at the same rate. I don’t like to give an extension but everything else was ok including a Pugh Clause. My primary problem with MRC is that it took their new, very inexperienced legal staff 4 months to finally have all the t’s crossed and the i’s dotted to have their final bonus checks in hand. Other than that, I just have to wait to see what the future brings. MRC is investing a lot of money in infrastructure and there is known and good production in the area. I can only hope they know how to find and produce it! ADS