MGL No. 116
Dawson County, TX
Texas General Land Office Oil and Gas Lease Sale, April 5, 2022
AUCTION CANCELLED
AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Tract:
MGL No. 116
Gross Acres:
320.00
Net Acres:
320.00
Time Remaining:
Auction has ended
Start Time:
3/4/2022 9:00 AM CST
End Time:
4/5/2022 10:00 AM CDT
Minimum Bid:
$250 per acre
Total Tract Cost at Minimum Bid:
$82,193.68
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
IN THE TEXAS DEPARTMENT OF CRIMINAL JUSTICE SURVEY PRESTON E. SMITH UNIT, CONTAINING APPROXIMATELY 320 ACRES, BEING ALL OF THE EAST ONE-HALF (E/2) OF SECTION 9, BLOCK 35, T-5-N OF THE T. & P. RY. CO. SURVEY, A- 117, DAWSON COUNTY, TEXAS, SAVE AND EXCEPT THOSE DEPTHS FROM THE SURFACE TO 100 FEET BELOW THE DEEPEST DEPTH DRILLED AS OF OCTOBER 3, 2011 UNDER THE TERMS OF THAT CERTAIN LEASE DATED OCTOBER 3, 2006 ON FILE IN THE ARCHIVES AND RECORDS OF THE TEXAS GENERAL LAND OFFICE, AUSTIN, TEXAS IN MINERAL LEASE MF107055 AS TO THE SOUTH 80 ACRES OF THE E/2 AND BEING WITHIN THE BOUNDARIES OF THE LOS YBANEZ SPRABERRY UNIT.
Tract Details
Lease Name
MGL No. 116
County, State
Dawson, TX
Legal Description
IN THE TEXAS DEPARTMENT OF CRIMINAL JUSTICE SURVEY PRESTON E. SMITH UNIT, CONTAINING APPROXIMATELY 320 ACRES, BEING ALL OF THE EAST ONE-HALF (E/2) OF SECTION 9, BLOCK 35, T-5-N OF THE T. & P. RY. CO. SURVEY, A- 117, DAWSON COUNTY, TEXAS, SAVE AND EXCEPT THOSE DEPTHS FROM THE SURFACE TO 100 FEET BELOW THE DEEPEST DEPTH DRILLED AS OF OCTOBER 3, 2011 UNDER THE TERMS OF THAT CERTAIN LEASE DATED OCTOBER 3, 2006 ON FILE IN THE ARCHIVES AND RECORDS OF THE TEXAS GENERAL LAND OFFICE, AUSTIN, TEXAS IN MINERAL LEASE MF107055 AS TO THE SOUTH 80 ACRES OF THE E/2 AND BEING WITHIN THE BOUNDARIES OF THE LOS YBANEZ SPRABERRY UNIT.
PSF Lands (Y/N)
No
Gross Acres
320.00
Net Acres
320.00
Part or Comments
PRESTON E. SMITH UNIT, CONTAINING APPROXIMATELY 320 ACRES, BEING ALL OF THE EAST ONE-HALF (E/2) OF SECTION 9, BLOCK 35, T-5-N OF THE T. & P. RY. CO. SURVEY, A- 117, DAWSON COUNTY, TEXAS, SAVE AND EXCEPT THOSE DEPTHS FROM THE SURFACE TO 100 FEET BELOW THE DEEPEST DEPTH DRILLED AS OF OCTOBER 3, 2011 UNDER THE TERMS OF THAT CERTAIN LEASE DATED OCTOBER 3, 2006 ON FILE IN THE ARCHIVES AND RECORDS OF THE TEXAS GENERAL LAND OFFICE, AUSTIN, TEXAS IN MINERAL LEASE MF107055 AS TO THE SOUTH 80 ACRES OF THE E/2 AND BEING WITHIN THE BOUNDARIES OF THE LOS YBANEZ SPRABERRY UNIT.
Survey
TEXAS DEPARTMENT OF CRIMINAL JUSTICE
Royalty
25%
Group Name
Department of Corrections (Prison)
Stipulations
TEXAS DEPARTMENT OF CRIMINAL JUSTICE
The royalty 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.
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 Point of Contact
EnergyNet Points of Contact