PEC Minerals LP (”PEC”)
PEC owns 3.4 million gross acres and 631 thousand net mineral acres in 31 states. PEC also has executive rights for Sabine Royalty Trust (“SRT”), consisting of 2.1 million gross acres and 217thousand net mineral acres in six states. Over 80.0% of the combined PEC and SRT minerals (768 thousand net acres) are located within proven oil and gas producing basins. Our activities include participating in wells with all or a portion of our acreage, leasing our minerals, granting seismic permits, and entering into exploration agreements involving individual tracts or area-wide deals. We welcome proposals and request that operators submit exploration plans along with company background information.