MGL No. 4
Haskell County, TX
Texas General Land Office Oil and Gas Lease Sale, August 1, 2017
AUCTION CANCELLED
AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Tract:
MGL No. 4
Gross Acres:
80.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
6/17/2017 10:00 AM CDT
End Time:
8/1/2017 10:00 AM CDT
Minimum Bid:
$130 per acre
Total Tract Cost at Minimum Bid:
$10,686
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
SECTION/TRACT 52 IN THE LEVI JACKSON SURVEY, A-701
Tract Details
Lease Name
MGL No. 4
County, State
Haskell, TX
Legal Description
SECTION/TRACT 52 IN THE LEVI JACKSON SURVEY, A-701
PSF Lands (Y/N)
Yes
Gross Acres
80.00
Net Acres
80.00
Part or Comments
APPROXIMATELY 80 ACRES OUT OF THE SOUTHWEST PART (SW PT) OF LEVI JACKSON SURVEY NUMBER 52, ABSTRACT 701, HASKELL COUNTY, TEXAS, AND FURTHER DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SURVEY 52, THENCE NORTH 1320 FEET, PARALLEL WITH THE WEST BOUNDARY LINE OF SAID SURVEY 52, BEING THE SOUTHWEST CORNER OF THIS TRACT, THENCE EAST PARALLEL WITH THE SOUTH BOUNDARY LINE OF SAID SURVEY 52, 2640 FEET TO THE SOUTHEAST CORNER OF THIS TRACT; THENCE NORTH PARALLEL WITH THE WEST BOUNDARY OF SAID SURVEY 52, 1320 FEET TO THE NORTHEAST CORNER OF THIS TRACT; THENCE WEST PARALLEL WITH THE SOUTH BOUNDARY LINE OF SAID SURVEY 52, 2640 FEET TO THE NORTHWEST CORNER OF THIS TRACT; THENCE SOUTH ALONG THE WEST BOUNDARY LINE OF SAID SURVEY 52, 1320 FEET TO THE PLACE OF BEGINNING, AND AS SHOWN ON THE OFFICIAL MAP OF HASKELL COUNTY, TEXAS NOW ON FILE IN THE TEXAS GENERAL LAND OFFICE, AUSTIN, TEXAS (ALL EXECUTIVE RIGHTS HELD BY STATE – BONUS AMOUNT REFLECTS STATE’S HALF OF BONUS FOR ITS ONE-HALF MINERAL INTEREST)
Sec. or Tract
52
Survey
LEVI JACKSON
Royalty
25%
Group Name
Surveyed School Land
Additional Information
LEASE TERMS AND CONDITIONS
SURVEYED SCHOOL LAND
The royalty on all surveyed school land is 25% of the gross production of oil and/or gas. The primary term of the lease shall be three (3) years. The annual delay rental thereon is fixed at $10.00 per acre beginning with the second year of the lease.
Click here to view lease form.
ABBREVIATIONS AND DEFINITIONS
Resource Management Codes - Click here to view a detailed description
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.
OFFSET ACTIVITY
Completions from the last 365 days in Haskell County, Texas
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Drilling Permits from the last 365 days in Haskell County, Texas
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Drilling Rigs on location in Haskell County, Texas
BUYER PREMIUM
Notice: A Buyer Premium will be added to the total bonus amount cost of this lease, calculated as follows:
| Tract Bonus Bid | Buyer's Premium |
| <=$50,000 | 1.25% |
| >=$1,000,000 | 1.00% |
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.
CONTACT INFORMATION
Texas GLO
George Martin
Landman
(512) 475-1512
Email: George.Martin@glo.texas.gov
Robert Hatter
Director Energy Resources
(512) 475-1542
Email: Robert.Hatter@glo.texas.gov
EnergyNet
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Assistant Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
