Server Time (CDT): Mar. 29, 5:18:26a

MGL No. 55

Anderson County, TX
Texas General Land Office Oil and Gas Lease Sale, August 1, 2017

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Please log in as a buyer in order to bid.

Tract:

MGL No. 55

Gross Acres:

85.0475

Net Acres:

85.0475

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:

$13,107.95
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Tract Details

Lease Name

MGL No. 55

County, State

Anderson, TX

Legal Description

SECTION/TRACT 14 IN THE COFFIELD/BETO/MICHAEL UNIT

PSF Lands (Y/N)

No

Gross Acres

85.0475

Net Acres

85.0475

Part or Comments

TRACT 14, BEING 360.82 SURFACE ACRES / 85.0475 MINERAL ACRES, REFERRED TO AS TRACTS 21, 26, 43, AND 46 IN LEASE BLOCK 14 LOCATED IN THE M. RIONDO GRANT A-58, ANDERSON COUNTY, TEXAS.

Sec. or Tract

14

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:

  • 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 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 – 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

Click here to view full screen
Click here to view full screen

Drilling Permits from the last 365 days in Anderson County, Texas

Click here to view full screen
Click here to view full screen

BUYER PREMIUM

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.


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