University Lands is holding an auction for mineral leases across multiple Texas counties. These periodic lease sales may be of interest to those who own minerals near the nominated tracts. Although the terms may not be directly applicable to non-university property, the resulting bids can shed some light on the values that companies place on leases in given areas. Leases for certain tracts may not sell, while others could sell for much higher than the posted minimum bids. The lease sale closes on September 19th at which point all submitted bids will be posted online.
Previous lease sale results are available here. In 2017, University Lands held the largest lease sale in its history which raised $118 million in revenue for the endowment benefiting The University of Texas System and Texas A&M University System.
Patrick J. Flueckiger
Attorney At Law
Texas Land and Mineral Law