Hello, I just received an oil and gas lease agreement for Section 270, Block 13. Can someone please tell me about it and what it is worth? Thank you.
You need to add the state and county.
Reeves 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.