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Board authorizes solicitation of bids for oil-and-gas lease on district land
Summary
The board authorized staff to solicit bids for an oil-and-gas lease covering approximately 28 acres in Sections 28 and 33, 7 North 7 West; no active wells currently exist on the property and the district would receive a 3% royalty under the described terms.
The Board of Education authorized solicitation of bids for an oil-and-gas lease on district-owned mineral interests, directing staff to publish a notice and hold a live auction after a minimum two-week notice period.
A representative for interested Camino Natural Resources explained the process to the board: the district will post notice, accept sealed or live bids at a public auction on campus and, if the board approves the winning bonus…
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