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MGL No. 87

Anderson County, TX
Texas General Land Office Oil and Gas Lease Sale, July 19, 2016

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Tract:

MGL No. 87

Gross Acres:

66.89

Net Acres:

66.89

Time Remaining:

Auction has ended

Start Time:

6/4/2016 10:00 AM CDT

End Time:

7/19/2016 10:00 AM CDT

Minimum Bid:

$150 per acre

Total Tract Cost at Minimum Bid:

$10,309.42
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Tract Details

Lease Name

MGL No. 87

County, State

Anderson, TX

Legal Description

SECTION / TRACT 15, IN THE COFFIELD/BETO/MICHAEL UNIT

PSF Lands (Y/N)

No

Gross Acres

66.89

Net Acres

66.89

Part or Comments

TRACT 15, BEING 267.58 SURFACE ACRES / 66.89 MINERAL ACRES, REFERRED TO AS THE SE/PT OF TRACT 1, COFFIELD/BETO/MICHAEL UNIT, ANDERSON COUNTY, TEXAS.

Sec. or Tract

0

Survey

COFFIELD/BETO/MICHAEL UNIT

Royalty

25%

Tract

15

Group Name

Texas Department of Criminal Justice

Additional Information

TEXAS DEPARTMENT OF CRIMINAL JUSTICE

TERMS AND CONDITIONS
The royalty rate on the Texas Department of Criminal Justice (TDCJ) tracts are fixed at 25% of the gross production of oil and/or gas. The primary term of the leases shall be three (3) years. The annual rental thereon is fixed at $10.00 per net mineral acre beginning with the second year of the lease. Subject to the right to reject any bid, the TDCJ Board for Lease will lease advertised tracts to the highest bidder meeting or exceeding the minimum bid.

All leases issued for TDCJ tracts shall be subject to the following surface use restrictions:
         ◌ No well location shall be made nor operations of any nature conducted within 300 feet from any building or detention fence located on the area leased without express permission of the Program Administrator for Land and Minerals Operations, and no operations of any kind are to be conducted on the remainder of the areas without first notifying the Program Administrator for Land and Minerals Operations.
         ◌ If lessee obtains a title examination of the land, a copy of the title opinion shall be furnished to the Program Admin. for Land and Minerals Operations within sixty (60) days after receipt of same by lessee.
         ◌ If lessee has a survey of the land made, lessee shall furnish the Program Administrator for Land and Minerals Operations with a copy of the field notes of the survey and map, if any, prior to commencement of drilling operations.
         ◌ All oil and gas leases must be recorded within sixty (60) days of issuance in the county where the property covered by such leases is situated. Additionally, upon release of any part of such oil and gas lease or termination thereof, a release describing same must be recorded in the county noted above. Copies of the recorded instruments are to be sent to the Program Administrator for Land and Minerals Operations and the Texas General Land Office.
         ◌ All vehicles entering TDCJ property are subject to search.
         ◌ No guns, no alcohol, no drugs, and no tobacco are allowed on TDCJ property.


For a copy of the lease form to be used for the TDCJ tracts or for additional information concerning TDCJ tracts, contact the Mineral Leasing Division at either (512) 475-1499 or (512) 475-1512 or Rhonda Jensen with TDCJ at (936) 437-5449.

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.
Drilling Permits from the last 365 days in Anderson County, Texas
source: www.drillinginfo.com

Completions from the last 365 days in Anderson 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%.
Successful Bidder Notification
When the bids are accepted by the Texas General Land Office, the successful bidder will be notified via email with closing instructions, including total amount due.
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 GLO
George Martin
Landman
(512) 475-1512

Robert Hatter
Director Energy Resources
(512) 475-1542

 
 
 
 
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616

Brandon Savage
Asst Manager Government Lease Sales
(806) 463-3621