Three Span Oil and Gas Mitchell/Scurry County's Texas

[Rick5]

Hello Y’all,

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 we’re not getting too screwed. The lease from my perspective looks okay. Not too bad from a company not willing to be “amenable” to negotiating lease language.

Though y’all might want to know the current leasing negotiations for this area of Texas.

[tracy_lenz]

Thanks for sharing, Rick! Block 13 or 3? I see a permit going through the East side of that section if Block 3, and the plat looks like it includes the NW4. Congrats on the lease and the likely future well!