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Tatum ISD approves lease agreement with Sabine Oil and Gas
Summary
The board approved a lease agreement with Sabine Oil and Gas Corporation after months of review with legal counsel; the motion passed 5‑0.
The Tatum ISD Board of Trustees approved a lease agreement with Sabine Oil and Gas Corporation during the May 12 meeting. Superintendent Dr. J.P. Richardson said the lease had been reviewed for months with legal counsel before being presented to the board for approval.
"Mr. Crawford made the motion to approve the Lease Agreement with Sabine Oil and Gas Corporation as presented. Mrs. Amick seconded the motion. The motion passed 5- 0," the meeting minutes state. The minutes do not include financial terms, acreage, or other commercial details of the lease; those specifics were not read into the record during the meeting.
