Key Exploration Update - 5/14/2023

[Alan_Herrington]

Key Exploration has made a termed acquisition from BRG Lone Star effective April 1, 2023. The length of the deal is 3.5 years, and in it Key acquires the rights below 12,820 feet on 217 leases covering 3,312 gross acres in six existing gas units in Cherokee County. Key first recorded leases in this project on September 24, 2021 (initial leases were executed in February 2021). Totals as of today:

855 leases in

223 surveys covering

56,375 gross acres.

Here’s the latest map of the surveys in which they have leased acreage:

[Joe_R]

Thanks for the update. Nothing in my area according to your map. I’ve got some acreage in blk 12 and 15 of the Jose Pineda West 4 league grant.