AUCTION CANCELLED
Registration Status:
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Tract:
MGL No. 53
Gross Acres:
849.66
Net Acres:
849.66
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:
$150 per acre
Total Tract Cost at Minimum Bid:
$130,927.88
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
SECTION/TRACT 12 IN THE COFFIELD/BETO/MICHAEL UNIT
Tract Details
Lease Name
MGL No. 53
County, State
Anderson, TX
Legal Description
SECTION/TRACT 12 IN THE COFFIELD/BETO/MICHAEL UNIT
PSF Lands (Y/N)
No
Gross Acres
849.66
Net Acres
849.66
Part or Comments
TRACT 12, BEING 849.66 SURFACE ACRES / 849.66 MINERAL ACRES, REFERRED TO AS THE MID/PT OF SW/PT OF TRACT 1 AND KNOWN AS LEASE BLOCK 12, LOCATED IN THE M. RIONDA GRANT A-58, ANDERSON COUNTY, TEXAS.
Sec. or Tract
12
Royalty
25%
Area
COFFIELD/BETO/MICHAEL UNIT
Group Name
Texas Department of Criminal Justice
Additional Information
LEASE TERMS AND CONDITIONS
TEXAS DEPARTMENT OF CRIMINAL JUSTICE
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:
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 Dianne Fuller with TDCJ at (936) 437-5428.
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 â 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 Anderson County, Texas
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Drilling Permits from the last 365 days in Anderson 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