Thank you Liz and Buzz for posting the link to EnergyNet’s map and the GLO bid results! Not sure I’m reading it right, but it shows lease #35 (T&P Tsp 7 Blk 55 Sec 36) as $11,378,400 for 689.6 acres . . . that comes out to $16,500 an acre for a lease! Am I missing something??
Stephen – don’t feel like the Lone Ranger. Believe it or not, you must view BOTH the ‘offering’ list (my name) AND the ‘Tabulation of Bids’ list to ascertain exactly which tracts (MGL #) received bids. (For others, see Liz’s post on Mon-1/23 for hot links ‘tracts’ and ‘results’ for the two lists I’m referring to.) Oh, don’t waste your time trying to locate Liz’s ‘tracts’ link directly from the EnergyNets site… use her hot link.
Now, to your question…. as you’ve found, from the Tabulation of Bids list you can determine the Name of the Survey and Section, BUT NOT THE BLOCK, ABSTRACT NUMBER, MILES OR DIRECTION FROM THE COUNTY SEAT. For THESE, you must go to the ‘offering’ list.
If you have a particular question, I’ll try to find the answer. Later – Buzz
PS – eventually the GLO will post both lists but as of this morning, Thu-1/26 – 10 days after the sale – only the ‘results’ list is available on their site: http://www.glo.texas.gov/energy-business/index.html
Thank you! They have drilled an excellent well on us and will one day drill many more, so controlling surface will be relevant, along with water rights!
When are the successful bids going to be announced, please? There are a couple offsetting acreage I have in Culberson County, so I’d like to keep up with this.
Thanks!
If the results I saw indicating the high bid is the winner, I was surprised to see two parcels in Block 59 (3 miles West of our two sections 15-16 Block 58 PSL) go for approximately 3-4 million. MGL 24-25. Each parcel 540-640 acres. We just completed a deal with one of the two companies, thanks to Wade Caldwell. This is north of Yoyah about 12 miles
Oops, that would be North of Toyah.
Kenneth - we have Sec 32-33-34 in Block 59, about 5 miles WSW of your two sections. What was the lease bonus offered to you? Which of the bidders was it?
L.C. – it appears the Toyah II plant will be/is located near the Toyah 1 plant at EagleClaw’s East Toyah Natural Gas Processing Complex midway between Toyah and Pecos, just north of I-20. Toyah II was scheduled to be in service Q4-2016. Later – Buzz
Buzz, I can’t relate the MGL#'s to where the tracts are. Any clue please?
Buzz, You are the best! Many thanks.
Stephen, re: surface acreage it entirely depends on location. Where is the parcel located? Unfortunately there is a lot of land out there and it lacks much utility, so typically the value is not very high.
Stephen,
We were offered $2,000.00 per acre for 20 acres of surface rights but did not want to sell and negotiated a long term 20 yr lease with upfront lump sum bonus payment plus first years lease payment. Hope that helps.
If anyone has sold just surface, I sure would appreciate an idea of prices. Having a little dialogue on 80 acres (no minerals!), and have never looked into this before.
TIA!
Kenneth – Thanks. Our old lease expired, and we are trying to find an interested party. Your info is very useful. We’ll contact them.
Nine miles south of Pecos and it is our operator who is interested…
Congratulations. That sounds like a good deal!
I have been told that Mineral Classified can be done. I’m sure the wording has to be carefully penned. Along with surface, water rights included (I assume).
Thank you, Wade.
If an operator wants it, $2000/acre for even out of the way desert scrub surface has been what I have seen, reserving all minerals.
You cannot sell Mineral Classified and keep the minerals.
Don’t quote me on this, but from what I understand, a tract can be Public School Land, but not be Mineral Classified. But I think if it is Mineral Classified, then it is also PSL.
Mineral Classified Lands in Texas stems from the Relinquishment Act of 1931 and impacts State Lands issued after September 1, 1895, but before August 21, 1931.
Here the State owns the minerals under those lands, but the surface owner has the right to lease those lands and receives one-half of the bonus, royalty and other consideration payable by the lessee. The lease must be on a form approved by the General Land Office of the State and must be filed with and approved by the General Land Office.