Terminated Texas Oil Lease Revived with New Royalties
Published Date: 5/12/2026
Notice
Summary
Sea Eagle Ford LLC asked to bring back their oil and gas lease TXNM139423 in McMullen County, Texas, after it was ended. The Bureau of Land Management says yes, as long as they pay new fees: $20 per acre yearly rent and a 20% royalty. This lease will be active again starting November 1, 2021, with updated terms and no new leases on the land.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
Oil Lease Reinstated for Sea Eagle Ford
The Bureau of Land Management proposes to reinstate oil and gas lease TXNM139423 for Sea Eagle Ford LLC, effective November 1, 2021, for the remainder of the primary term. The notice says no new leases affect these lands in McMullen County, Texas, and the reinstatement is subject to the lease's original terms plus amended notices and new payment terms.
New Rental: $20 Per Acre Yearly
The reinstated lease requires rental payments of $20 per acre, or fraction thereof, per year. If you hold or operate the lease, you must pay this annual rent going forward as part of the reinstated lease terms.
20% Royalty Required on Production
The reinstated lease sets a royalty rate of 20 percent on production. As the lessee, you must pay 20% of production value as royalty under the reinstated lease terms.
Lessee Paid Admin Fee and Publication Costs
The notice states the lessee paid the required administration fee and reimbursed the Bureau of Land Management for the cost of publishing this notice. These are out-of-pocket expenses the lessee has already paid.
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