Colleen et al, Howdy.
Aggie here, just back from the county courthouse. There are only 2 entries in the county records concerning Brenham Oil and Gas, and a number of entries concerning Mr. Daniel Dror and Daniel Dror II Trust.
On 1 December 1997, the Daniel Dror II Trust conveyed all of the mineral rights it owned on 2 tracts of land over to Brenham Oil and Gas. The total acreage involved was 24.527 acres, a pittance, and the acreage is leased to Union Pacific Resources for 1/6 royalty interest on a 3 year lease which initiated on 6 April, '95.
So there is no Eberle field (Rhymes with Everley, as in Bye Bye Love), there is only the Eberle Unit. This is a parcel of land (usually 640 acres) which is defined by the Texas Railroad Commission as being that area which is drained by the prospective well.
The kicker? Well, in addition to being only 24 acres out of 640 (So the 1/6 royalty will amount to 1/6 of 24/640 of the gross revenues), the fine print of the lease which was filed the next day by Brenham O&G states that the Grantor (Brenham O&G) will retain the rights of production from the one and only well while relinquishing all other mineral rights back to Daniel Dror II trust! In other words, on the parcel of land that is set aside for one well, Brenham O & G has the royalty revenue from the one well, but all other subsurface rights have gone back to Big Dan.
What has IR said about this property? This looks suspiciously like a shell game to me. Anybody wants to look at these mineral deeds, let me know. I have copies and a faxola.
FWIW, none of the usual suspects (The blue haired little old ladies who know everything) at the courthouse ever heard of Brenham O&G or the Dror name.
Your Man in Brenham, Stirrin' the Pot
Aggie |
