Drake recorded 31 lease memos in Anderson County today. The leased acreage is in 12 surveys located in southwestern Anderson County and one survey in northwestern Houston County. The filings covered 3,479 acres.
The leases were either 4/2 or 3/3 (primary/extension) with lease effective dates ranging from 6/18/2024 to 3/28/2025. One unusual feature in the leases: Drake has the right of first refusal to any top lease or mineral purchase offers received by the lessors.
Here’s a map of the Anderson County surveys that contain leased acreage:
46% of the total leased acreage is located in the two big surveys bordering the Trinity River (RW Box A-11 and SC Box A-12).
Here’s a breakout of the leased acreage by survey:
SC Box A-12: 550
RW Box A-12: 1,057
TN Little A-497: 230
M Murchison A-509: 833
SC Collison A-167: 230
R Brown A-108: 22
S Little A-492: 40
J Kyle A-466: 168
R Caldwell A-224 + M Main A-506 + R Brown A-108: 81
S Goodwin A-307 + J Teague A-769: 184
S Little A-492 + S Little A-1310 (Houston): 85
Drake intends to lease 30,000 acres in northwestern Houston County and 30,000 acres in southwestern Anderson County. Consequently, we should see lots of lease filings in the coming months!