Oil and gas lease

Texas Mineral Rights Reeves County, TX
1

Hello I just received a oil and gas lease agreement Section 270 block 13 Can someone please tell me about and what it is worth Thank

2

You need to add the state and county.

3

Reaves county, Texas

4

Moved it over to Reeves County, TX for you.

5

I’m about two miles to your NW. You have primo acreage in the sweet spot of the Barilla Draw of the South Delaware Basin. Quarter royalty and $around $15K/acre???

6

Can you tell me what the quarterly means and 15,000 for 2 or 3 year lease Thank you so much