OIL AND GAS LEASE #_______Oil and Gas Lease • March 12th, 2012 • Approach Resources Inc • Crude petroleum & natural gas • Texas
This OIL AND GAS LEASE (this “Lease”) is made and entered into to be effective (the “effective date”), by and between the State of Texas, acting through the Board for Lease of University Lands (“Lessor”) and _________________________________ (“Lessee”), whose address is __________________________________________ . The Premises (hereinafter defined) were offered for lease by Lessor by sealed bid sale. Lessee submitted the high bid for the Premises. This Lease is awarded to Lessee by Lessor as a result of and pursuant to the bid offered by Lessee. By submitting the bid, Lessee agreed to be bound by the terms and provisions of this Lease, and other conditions as may have been specified in the notice of sale.
