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Sealed Bid Sales

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Summer Sealed Bid Sale
Aug. 4, 2015

CLICK HERE for important infomation regarding the sale.

past sales

Sealed bid sales - held generally every four months by the School Land Board - are one of the ways the Texas General Land Office earns billions of dollars for the state's Permanent School Fund.

During a sealed bid sale, the Land Office allows an oil or gas company to make a cash offer for the right to explore and produce hydrocarbons on a particular piece of Permanent School Fund property. The company offering the highest up-front payment, or bonus, is awarded the lease. The Land Office will also receive a percentage of any production from the lease, called a royalty.

By asking companies to make their bids without being able to know what the other, if any, bids may be, the Land Office ensures that the sale will earn as much as possible for the school children of Texas. The Land Office's quarterly lease sales typically bring in hundreds of millions of dollars for the Permanent School Fund.

Lease sales are held in January, April, July and October. Sales are usually held on the first Tuesday of the month.

star Got a prospect?
Find out how to nominate Permanent School Fund property for an oil or gas lease. Please view the "Nominating Procedures" posted on this page.  A sample nomination letter is included as well.

star Need an example?
A simple, one-page form to nominate your oil and gas prospect lease is posted on this page.  If you have any questions please contact the Land Office staff indicated.

Links to Additional Resources



Statutes & Codes


George Martin
SLB Tracts
George Martin
Jesse Arellano
Mineral Maps
Jesse Arellano

Texas Department of Criminal Justice Tracts
Dianne Fuller

Texas Parks & Wildlife Tracts
Corky Kuhlmann