Gas Royalty In Kind Program
University Lands has developed a program to accept gas royalty in actual production
instead of the traditional cash royalty payment. The University secures entitlement
and markets the University's gas royalty production. Gas royalty production is offered
to natural gas purchasers and marketers in bid sales. The gas royalty in kind program
is based on a published monthly posted index price.
Gas Sales Agreement
University Lands solicits offers to purchase the gas royalty production it receives
in kind and to sell the gas royalty production on the terms and conditions set out
in a Gas Sales Agreement (Agreement). The Agreement is executed by and between the
Board for Lease of University Lands and the Buyer.
Winning Bids of Gas Sales
is required to view the following lease sale results
in PDF file format.