MGL No. 1

SURVEYED SCHOOL LAND

The royalty on all surveyed school land is 25% of the gross production of oil and/or gas, except for the Presidio County tracts in this sale (MGL. Nos. 11 through 36), where the royalty is 20% 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

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.

BUFFALO RANCH

2,720.868 GROSS ACRES, MORE OR LESS, IN THE JOHN P. COLES SURVEY, A-12, BURLESON COUNTY, TEXAS, DESCRIBED IN THREE TRACTS CALLED A 3,477.78 AC. TRACT, A 3,481.91 AC. TRACT, AND A 178.266 AC. TRACT BEING RESPECTIVELY “TRACT NO.1 AND TRACT NO. 2”, “TRACT 3,” AND “TRACT NO. 4” IN A DEED DATED JUNE 07, 1979, FROM LEWIS SIMPSON RANCH, INC., TO BUFFALO RANCH COMPANY, LTD., RECORDED IN VOLUME 255, PAGE 115, DEED RECORDS, BURLESON COUNTY, SAVE & EXCEPT THE FOLLOWING SIX TRACTS: FIRST TRACT BEING 700 ACRES, MORE OR LESS, IN THE JOHN P. COLES SURVEY, A-12, DESCRIBED IN MEMO. OF OIL & GAS LEASE DATED MAY 21, 2001, BETWEEN BRAZOS ENTERPRISES CORP. AND WCS OIL & GAS CORP., RECORDED IN VOLUME 547, PAGE 722, OFFICIAL RECORDS, BURLESON CO.; SECOND TRACT BEING 720 AC., MORE OR LESS, IN THE JOHN P. COLES SURVEY., A-12, DESCRIBED AS “TRACT ONE” IN MEMO. OF OIL AND GAS LEASE DATED AUGUST 30, 2000, BETWEEN BRAZOS ENTERPRISES CORP. AND APACHE CORP, RECORDED IN VOLUME 530, PAGE 216, OFFICIAL RECORDS, BURLESON CO.; THIRD TRACT BEING 160 AC., MORE OR LESS, IN THE JOHN P. COLES SURVEY, A-12, BEING THE NORTH 160 AC., MORE OR LESS, IN THE JOHN P. COLES SURVEY, A-12, BEING THE NORTH 160 AC. TRACT IN THAT 300.65 AC. UNIT DESCRIBED IN EXHIBIT “C” OF UNIT DECLARATION FOR THE MOON OPERATING INC. P.C. THOMASON WELL #1-A UNIT, DATED OCTOBER 12, 1993, RECORDED IN VOLUME 222, PAGE 1, OIL & GAS LEASE RECORDS, BURLESON CO.; FOURTH TRACT BEING 1,320 AC., MORE OR LESS, IN THE JOHN P. COLES SURVEY, A-12, DESCRIBED AS “TRACT TWO” IN MEMO. OF OIL & GAS LEASE DATED AUGUST 30, 2000, BETWEEN BRAZOS ENTERPRISES CORP. AND APACHE CORP., RECORDED IN VOLUME 530, PAGE 216, OFFICIAL RECORDS, BURLESON CO.; FIFTH TRACT BEING 984.892 AC., MORE OR LESS, IN THE JOHN P. COLES SURVEY, A-12, DESCRIBED IN DESIGNATION OF UNIT FOR THE APACHE CORP.-LEONE NO. 1 UNIT, DATED SEPTEMBER 29, 1994, RECORDED IN VOLUME 242, PAGE 795, OIL & GAS LEASE RECORDS, BURLESON CO.; AND SIXTH TRACT BEING 532.196 ACRES, MORE OR LESS, LYING WITHIN THE BOUNDARIES OF THAT CERTAIN POOLED UNIT KNOWN AS THE CARR-BUFFALO RANCH UNIT – 1 COVERING 600.00 ACRES, MORE OR LESS, AND IDENTIFIED AS TRACT NO. 1 ON EXHIBIT “C” IN THAT POOLING AGREEMENT DATED EFFECTIVE DECEMBER 3, 2013 AND FILED IN THE ARCHIVES OF THE TEXAS GENERAL LAND OFFICE AS GLO UNIT NO. 6602 IN MINERAL FILE MF-114301, CONTAINING APPROXIMATELY 2,720.868 ACRES, AS SHOWN ON THE OFFICIAL MAP OF BURLESON COUNTY, TEXAS NOW ON FILE IN THE TEXAS GENERAL LAND OFFICE, AUSTIN, TEXAS. (SEE SURFACE USE RESTRICTIONS)

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.

Payment must be made within two business days.

BUYER PREMIUM

Notice: A Buyer Premium will be added to the total bonus amount cost of this lease, calculated as follows:

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%.

Landman
George Martin

Office
(512) 475-1512

Email
George.Martin@glo.texas.gov

Director Energy Resources
Robert Hatter

Office
(512) 475-1542

Email
Robert.Hatter@glo.texas.gov

VP, Government Resources
Gus Rivero

Email
Gus.Rivero@energynet.com

Office
(806) 463-3616

Managing Director, Government Resources
Brandon Savage

Email
Brandon.Savage@energynet.com

Office
(806) 463-3621

Transaction Manager
Heather Fugger

Email
Heather.Fugger@energynet.com

Office
(806) 463-3619

Global Markets Strategic Analyst
Anastasia Rademaekers

Email
Anastasia.Rademaekers@energynet.com

Office
(806) 463-3635