4-16N-26W Lease Terms

How good is this offer to lease 20 acres in 4-16N-26W in Roger Mills County: $750/acre, 3 years, 3/16 with an option for a 2 year renewal at $750/acre?

Here is what they were order to pay a mile away . It is on page 3 and 4. Do not give option to renew.

http://imaging.occeweb.com/AP/Orders/occ5170801.pdf

DID THEY MAKE A WELL????

I could not find one.