The U.S. General Services Administration (GSA) on Wednesday announced the public auction of approximately 133 net mineral acres of federal oil and gas rights located in Big Spring, Texas. The sale reflects GSA\u2019s ongoing effort to streamline the federal real estate portfolio and ensure responsible management of taxpayer-funded assets.<\/p>\n
\u201cGSA is proactively divesting underutilized assets, and this public auction sale of mineral rights in Big Spring is a prime example of our dedication to delivering the best value for American taxpayers,\u201d said GSA Acting Administrator Michael Rigas. \u201cBy strategically leveraging the value of the government\u2019s portfolio, we are ensuring responsible use of federal resources and contributing to economic growth.\u201d<\/p>\n
The auction is limited strictly to subsurface mineral rights. Surface ownership \u2014 held by both public and private parties \u2014 is not included in the sale.<\/p>\n
Mineral Right Details<\/p>\n
Located within the Big Spring city limits in Howard County.<\/p>\n
Sections<\/p>\n
Section 2, Block 33, T1S: 50.4087 acres with a 50% mineral interest.
\n\tSection 11, Block 33, T1S: 108.40 acres with a 100% mineral interest.
<\/p>\n
Depth: Between 4,800 and 10,605 feet below the surface.<\/p>\n
Total Area: Approximately 133.6044 total net mineral acres.<\/p>\n
The mineral rights convey authority, under Texas state and local regulations, to explore and produce oil and gas from designated underground formations.<\/p>\n
Auction Details<\/p>\n
The online auction opened Sept.\u00a015 and will conclude after a period of bidder inactivity on or after Dec.\u00a026.<\/p>\n
Interested parties must register in advance and submit a $50,000 registration deposit to qualify as bidders.<\/p>\n
Prospective bidders are strongly encouraged to review the “Invitation for Bids” and all related documents.<\/p>\n
The sale is managed by GSA\u2019s Real Property Disposition Division. For information regarding registration, bidding, or payment, contact:<\/p>\n
Office of Real Property Disposition<\/p>\n
Phone: (817) 850-5565<\/p>\n