Details for NOTICE OF SALE OF OIL AND GAS LEASES NOTICE

Updated

NOTICE OF SALE

OF OIL AND GAS LEASES

NOTICE is hereby given that the Board of Educational Lands and Funds of the State of Nebraska (the Board or Lessor) will offer for sale at Public Auction, to be held in the office of the Board, 555 North Cotner Boulevard, Lincoln, Nebraska, on the 1st day of May, 2018, at 10:00 o'clock a.m. local time, Oil And Gas Leases covering the following described lands, to wit: BANNER COUNTY All of Section 36, T17N, R58W (640 acres). DUNDY COUNTY All of Section 36, T01N, R36W (640 acres). All of Section 36, T01N, R38W (640 acres). All except 1 acre in the NW4NW4 of Section 16, T01N, R39W (639 acres). All of Section 36, T01N, R39W (640 acres). FURNAS COUNTY All of Section 16, T03N, R25W (640 acres). HAYES COUNTY All of Section 36, T06N, R31W (640 acres). SW4 & W2NW4 of Section 15, T06N, R33W (240 acres). All of Section 16, T06N, R33W (640 acres). HITCHCOCK COUNTY All of Section 16, T01N, R31W (632.3 acres). All of Section 36, T01N, R33W (640 acres). All of Section 36, T01N, R35W (634.99 acres). KIMBALL COUNTY S2 of Section 02, T12N, R57W (320 acres). All of Section 16, T12N, R57W (640 acres). All of Section 36, T13N, R57W (633.24 acres). All of Section 16, T14N, R57W (640 acres). All of Section 16, T16N, R57W (640 acres). All of Section 16, T12N, R58W (640 acres). All of Section 36, T13N, R58W (640 acres). All of Section 36, T14N, R58W (640 acres). All of Section 16, T15N, R58W (640 acres). SW4NE4, SE4NW4, NE4SW4 & NW4SE4 of Section 36, T15N, R58W (160 acres). All of Section 16, T16N, R58W (640 acres). All of Section 12, T12N, R59W (640 acres). Gov't Lots 1 (NE4NE4), Lot 2 (SE4NE4), Lot 3 (NE4SE4) & Lot 4 (SE4SE4) of Section 16, T12N, R59W (138.88 acres). All of Section 36, T15N, R59W (640 acres). All of Section 36, T16N, R59W (640 acres). FRONTIER COUNTY SW4 of Section 36, T05N, R30W (160 acres). Each tract is offered and the Lease for each tract will be issued for the acreage indicated, which may be more or less than the actual acreage. Bonus bid on a per acre basis and rent will be computed exclusively on the basis of the acreage indicated regardless of whether the acreage indicated is equal to, or more or less than, the actual acreage. Bonus and rent as so computed will not be increased if it is established that the actual acreage is greater than the acreage indicated, and will not be decreased if it is established that the actual acreage is less than the acreage indicated. In addition, each Lease shall be subject to all easements, restrictions, reservations, public roads, rights-of-way and other leases of record and other matters of record in the office of the Board. In Banner, Dundy, Furnas, Hayes, Hitchcock and Kimball Counties, such Leases will be for a primary term of five (5) years, will reserve a one-sixth (1/6th) royalty to the Lessor, and will provide for annual delay rentals of $2.00 per acre. In Frontier County, such Lease will be for a primary term of five (5) years, will reserve a one-eighth (1/8th) royalty to the Lessor, and will provide for annual delay rentals of $2.00 per acre. All such Leases will be sold and issued in all respects under, in accordance with and pursuant to the applicable laws of the State of Nebraska and applicable Rules And Regulations of the Board. Each such Lease will be sold to the highest and best bidder therefor subject to the right of the Board to reject any and all bids. Copies of the Lease forms are available prior to the sale by contacting Ms. Bahr-Frew at the number below.

BOARD OF EDUCATIONAL LANDS AND FUNDS Kelly L. Sudbeck, CEO/Executive Secretary Laura B. Bahr-Frew Minerals Administrator 555 North Cotner Blvd. Lincoln, NE 68505 Telephone: 402/471-2014 www.belf.nebraska.gov

743203 2t Apr 17, 24

32010028.521500

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