Oil & Gas
Our Oil and Gas Group manages oil and gas assets of the trust. Revenue is generated through bonus payments on new leases, rents, and royalties. Most of the oil and gas lands are leased through a competitive, sealed-bid auction held four times annually. A company may nominate parcels of land for the auction by notifying the administration of its interest, in writing.
We also provide a process allowing special leasing or development proposals, referred to as Other Business Arrangements (OBAs), that are reviewed by agency and approved by the Board of Trustees. For more information on OBAs, please contact the Assistant Director, Oil and Gas.