Server Time (CST): Jan. 24, 11:39:08a

MGL No. 67

Fort Bend County, TX
Texas General Land Office Oil and Gas Lease Sale, January 19, 2021

SOLD

Registration Status:

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Your Bid Status:

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Tract:

MGL No. 67

Gross Acres:

735.00

Net Acres:

735.00

Time Remaining:

Auction has ended

Start Time:

12/5/2020 10:00 AM CST

End Time:

1/19/2021 10:00 AM CST

Minimum Bid:

$150 per acre

Total Lease Cost at Minimum Bid:

$113,264.39
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Tract Details

Lease Name

MGL No. 67

County, State

Fort Bend, TX

Legal Description

IN THE TEXAS DEPARTMENT OF TRANSPORTATION SURVEY

PSF Lands (Y/N)

No

Gross Acres

735.00

Net Acres

735.00

Part or Comments

See Part/Comments below

Survey

TEXAS DEPARTMENT OF TRANSPORTATION

Royalty

25%

Group Name

Department of Transportation

Stipulations

TEXAS DEPARTMENT OF TRANSPORTATION

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, which shall include the surface use restrictions listed in the Part/Comments section below.

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.

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.

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:

Tract Bonus Bid Buyer 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%.

Texas GLO Points of Contact

Landman
Jesse Arellano

Office
(512) 475-1499

Email
Jesse.Arellano@glo.texas.gov


Director Energy Resources
Robert Hatter

Office
(512) 475-1542

Email
Robert.Hatter@glo.texas.gov

EnergyNet Points of Contact

Government Resources
Email
government@energynet.com

Office
(877) 351-4488

Part/Comments

BEING A TRACT OF 735 ACRES +/- , SAID TRACT BEING A PART OF A DEED FROM TEXAS DEPARTMENT OF CRIMINAL JUSTICE TO THE TEXAS DEPARTMENT OF PUBLIC TRANSPORTATION DATED APRIL 9, 1991 AND RECORDED IN THE DEED RECORDS OF FORT BEND COUNTY, TEXAS IN VOL. 2329, PG. 50, AND A MINERAL DEED FROM THE TEXAS DEPARTMENT OF PUBLIC TRANSPORTATION TO THE TEXAS DEPARTMENT OF CRIMINAL JUSTICE DATED JULY 1, 1991 AND RECORDED IN THE OFFICIAL PUBLIC RECORDS OF FORT BEND COUNTY, TEXAS, INSTRUMENT 9776299 AND VOL. 3077, PG. 64. (FOR A PLAT EMAIL jesse.arellano@glo.texas.gov OR CALL 512-475-1499). NOTE: DRILLING OPERATIONS FOR THIS LEASE TRACT ARE RESTRICTED TO THOSE DRILL SITES, DESCRIBED IN A DEED TITLED DRILL SITE EASEMENTS AND FILED IN THE OFFICIAL PUBLIC RECORDS, NO. 2009060620 OF FORT BEND COUNTY, TEXAS, FILED JUNE 17, 2009 AS WELL AS ANY ACCESS EASEMENTS PERTAINING TO THE SAME FILED OF RECORD IN FORT BEND COUNTY, TEXAS.