We are about to close on a lease deal for the NW/4 section 1 Block 13 H&GN Ry. Co. Survey Mitchell & Scurry Counties Texas. Terms are:
$350 pnma 1/4 royalty three year term
Only hold-up is the lease. Our attorney is reviewing it to make sure were not getting too screwed. The lease from my perspective looks ok. Not to bad from a Company not willing to be “amenable” to negotiating lease language.
Though ya’ll might want to know the current leasing negotiations for this area of Texas.