BOARD FOR LEASE OF UNIVERSITY LANDS REGULAR OIL AND GAS LEASE SALE NO - utlands utsystem 2025

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University Lands is the fiduciary steward of 2.1 million acres of land across 19 counties in West Texas, managing both the surface and mineral interests for the benefit of the Permanent University Fund (PUF).
In California, the Geologic Energy Management Division is in charge of regulating all oil and gas operations. For federal waters, that duty is performed by the Bureau of Safety and Environmental Enforcement.
The OCS Lands Act authorizes the Secretary of the Interior to grant mineral leases and to prescribe regulations governing oil and natural gas activities on OCS lands.
The Federal onshore oil and gas rate is 16.67% for leases issued after August 16, 2022.
An oil and gas lease is deemed to be real property. However, a lease to explore for oil and gas creates an interest or estate in realty which is not deemed a real estate. The lessees interest in an oil and gas lease can be personal property.

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The BLMs authority to manage the publics oil and gas resources in the 48 contiguous states comes from two laws -- Mineral Leasing Act of 1920 as amended and the Mineral Leasing for Acquired Lands Act of 1947 .
The BLM manages the Federal governments onshore oil and gas program with the goals of facilitating safe and responsible energy development while providing a fair return for the American taxpayer. Learn more about the BLMs Oil and Gas Program or explore our oil and gas processes below: Leasing.
Four major federal land management agenciesthe Department of Agricultures Forest Service and the Department of the Interiors Bureau of Land Management (BLM), Fish and Wildlife Service (FWS), and National Park Service (NPS)are responsible for managing about 95% of these lands.

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