Drake Exploration Update - 4/10/2025

Drake has finally begun recording leases in the Houston County Deed Records. They recorded 52 lease memos on 3/28/2025.

These leases cover acreage in the G Greenwood A-37 and R Pennington A-821 Surveys. The Greenwood leases total more than 2,000 acres.

Here is a map showing the location of these surveys:

We should see more lease memos filed in the next few months.

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Thanks for this information, Alan.

There has been a lot more leased than just these filed leases. These brokers a “getting all the low hanging fruit” real cheap and long term from what I’ve heard.

I posted last week that Drake’s objective is to lease 30,000 acres in northwestern Houston County and 30,000 acres in southwestern Anderson County. I believe they are close to being done in Houston, and are doing title work in Anderson.

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