Item 1.01 Entry into a Material Definitive Agreement
OnFebruary 8, 2021 , we entered into a Sublease Agreement (the "Agreement") withRepsol Oil & Gas USA, LLC . Under the Agreement, we leased a 25,000 square-foot office space inThe Woodlands, Texas to which we plan to relocate our corporate offices. The term of the sublease extends fromMarch 1, 2021 throughAugust 31, 2025 , and provides for escalating yearly base rent payments starting at$506,000 and increasing to$557,000 in the final year of the lease. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement filed as an exhibit hereto. Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 10.1 - Sublease Agreement , dated February 8, 2021, with Repsol Oil & Gas USA, LLC EX-104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)
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