After leasing drilling rights on his 71-acre Tennessee farm for 12.5%, Vernon Lawhorn saw an oil strike reportedly bring in $30,000 a month and bought a $6,500 Dodge
Discover how Vernon Lawhorn transformed his 71-acre Tennessee farm into an oil-producing asset, generating $30,000 per month after leasing drilling rights at a 12.5% royalty rate. Learn about the significance of this rare oil strike in a state not traditionally known for oil production.