Oil and gas lease

Hello I just received a oil and gas lease agreement Section 270 block 13 Can someone please tell me about and what it is worth Thank

You need to add the state and county.

Reaves county, Texas

Moved it over to Reeves County, TX for you.

I’m about two miles to your NW. You have primo acreage in the sweet spot of the Barilla Draw of the South Delaware Basin. Quarter royalty and $around $15K/acre???

Can you tell me what the quarterly means and 15,000 for 2 or 3 year lease Thank you so much