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MGL No. 93

Calhoun County, TX
Texas General Land Office Oil and Gas Lease Sale, August 4, 2015

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Tract:

MGL No. 93

Gross Acres:

160.00

Net Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

6/20/2015 10:00 AM CDT

End Time:

8/4/2015 10:00 AM CDT

Minimum Bid:

$100 per acre

Total Tract Cost at Minimum Bid:

$16,440
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Tract Details

Lease Name

MGL No. 93

County, State

Calhoun, TX

Legal Description

SECTION / TRACT 295 IN CARANCAHUA BAY

PSF Lands (Y/N)

Yes

Gross Acres

160.00

Net Acres

160.00

Sec. or Tract

0

Survey

CARANCAHUA BAY

Royalty

25%

Part

ALL

Tract

295

Group Name

Bays, Lakes, Islands and Bayous

Additional Information

SUBMERGED AREAS
BAYS, LAKES, ISLANDS AND BAYOUS & GULF OF MEXICO

TERMS AND CONDITIONS
The royalty on bays, lakes, islands, bayous (influenced by the tides), and the Gulf of Mexico is 25% of the gross production of oil and/or gas, but can be reduced to:
  • 20% if production, in paying quantities, is established, brought on line and sales thereof are commenced within the initial twenty-four (24) months of the primary term of the lease.
  • 22.5% if production, in paying quantities, is established, brought on line and sales thereof are commenced between the 25th and 48th month of the primary term of the lease.
If the initial well drilled is a dry hole, the lessee may receive the lower royalty rates as follows:
  • 20% if a second well is commenced and production, in paying quantities, can be established, brought on line and sales thereof are commenced by the end of the 30th month, as provided for in the lease.
  • 22.5% if a second well is commenced and production, in paying quantities, can be established, brought on line and sales thereof are commenced by the end of the 54th month as provided for in the lease.
The primary term of the leases shall be five (5) years. The annual rental is $10.00 per acre for the second and third years and $25.00 per acre for the fourth and fifth years.

ABBREVIATIONS AND DEFINITIONS
AC - Acre(s)
NAVI DIST - NAVIGATION DISTRICT: Indicates that all or a portion of the tract lies within the boundaries of a navigation district. Bidders should contact the applicable governing authority for the navigation district and the General Land Office for surface use restrictions.
POL – PORTION OUTSIDE LEASE: Indicates that the acreage within the boundaries of the tract is available for lease save and except any portion included in a valid oil and/or gas lease. Lease information is available in the mineral file located in the Archives and Records Division of the General Land Office.
POU - PORTION OUTSIDE UNIT: Indicates that the acreage within the boundaries of the tract is available for lease save and except any portion included in a valid oil and/or gas unit. Unit information is available in the mineral file located in the Archives and Records Division of the General Land Office.
PT - PART: Bidders should contact the General Land Office for further information.
TMLL - THREE MARINE LEAGUE LINE: Denotes tracts that are adjacent to the Three Marine League Line. These tracts have been submitted to the MMS for the coordination of acreage.
WFAL - Denotes tracts that are WEST of the FEDERAL ADMINISTRATION LINE.

RESOURCE MANAGEMENT CODES
Note: The General Land Office streamlined, standardized, and updated the Resource Management Codes in October 2014 with the assistance of the state and federal natural resource agencies, to promote best management practices for activities within the tracts to minimize adverse impacts to sensitive natural resource areas. The codes that have been assigned to state tracts are meant to assist potential bidders by providing the best available information on natural resource concerns that may be associated with leasing the tracts. The Resource Management Codes, however, should not be relied upon as the sole source of information on potential natural resource concerns associated with leasing state tracts. Prospective bidders are encouraged and advised to contact all governmental authorities with jurisdiction over a tract in order to ascertain its status and suitability for the bidder’s intended use. No representation or warranty is made with regard to the Resource Management Code information set forth or referenced in the Notice for Bids.
THIS TRACT IS SUBJECT TO THE FOLLOWING RESOURCE MANAGEMENT CODES:
CC - DB - MA - MJ
Drilling Permits from the last 365 days in Calhoun County, Texas
source: www.drillinginfo.com
Notice: A Buyer Premium will be added to the total bonus amount cost of this lease, calculated as follows:
Tract Bonus BidBuyer's Premium
<=$50,0001.25%
>=$1,000,0001.00%
Buyer Premiums are only due for tracts which are sold and computed only on the winning bonus bid amount. The schedule offers a fixed rate of 1.25% up to a bonus bid value of $50,000 and then begins to slide linearly to a rate of 1.00% for a bonus bid value of $1,000,000. Bonus bids in excess of $1,000,000 are computed at a fixed rate of 1.00%.
GIS Data
GIS data in the form of a shapefile is available for this lease sale. Click here to download.
The Texas General Land Office has provided a GIS map viewer, which can be viewed by clicking on the following link. http://gisweb.glo.texas.gov/glomap/index.html.
Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither Texas nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.
Contact Information
Texas
George Martin
Landman
1700 Congress Avenue
Austin, TX 78701-1495
(512) 475-1512

Robert Hatter
Director Energy Resources
1700 Congress Avenue
Austin, TX 78701-1495
(512) 475-1542
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
440 Louisiana, Suite 600
Houston, TX 77002
(832) 403-3122

Gus Rivero
Land Supervisor
7201 I-40 West, Suite 319
Amarillo, TX 79106
(806) 463-3616