Section 34 T21S R33E Lea County


#1

We received an offer for Sec. 34 t21s r33e for 1k an acre from Fortris (sp) energy. Have not countered yet…any suggestions there is one producing well on the interest. Fortris wants to lease deeper depths and acreage not tied up in the well. This is in Lea County.
Thanks.


#2

We have agreed to the terms of the lease with Fortress. The terms are ¼ royalty, $2500.00 pnma, 3 year term, our addendum in its entirety.