Looking at county records for Leon County and noted Vanna had recent (July 1, 2025) assignment of overriding royalty moving some leases from Vanna Production, LLC to Covenant Longhorn, LLC. Am aware that the lease that myself and other family members had with Vanna are part of this change. Can someone give me an idea of what this means, as the lease will expire in Oct if not action is taken? Or is this just Vanna moving some of the leases that they had (which I believe were moved to Mitsui last year) which opens more questions. Thanks (adding document #479582 for clarification)
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Mikey,
I’m with Covenant. We just bought overrides from Vanna, and it has zero impact on your lease from your end. It’s effectively a royalty interest carved out of the working interest, operator burden. Mitsui owns the rights to the underlying leases still.
Thanks,
BP
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Thank you for the update and clarification, appreciate the input.