RRAC Due Date Calendar
The Royalty Reporting and Control System is currently AVAILABLE
Announcements
On February 2, 2010, the School Land Board approved a change in the interest rate that is applied to delinquent royalties. Per TAC Sec. 9.51, for royalties due on or after February 26, 2010, the interest rate to be applied is set on the first business day of the year the royalty becomes delinquent. The rate is the Wall Street Journal (WSJ) Prime + 1%. A new interest rate will be set the first business day of each year.
If you have any questions about the rate, please contact the Royalty Reporting and Control (RRAC) Team at glo123@glo.texas.gov
NOTICE FOR BIDS
The School Land Board and the General Land Office (GLO) will hold an on-line sealed bid Oil, Gas, and Other Minerals Lease Sale on EnergyNet.com. Bids received will be opened at the GLO at 1700 N. Congress Avenue, Austin, Texas 78701 on May 7, 2024 at 10:00 a.m. For more information about the lands to be offered for lease, call (806) 463-3616 or (512) 475-1534, or write to todd.hilliard@glo.texas.gov.
TABULATION OF BIDS
This tabulation is a preliminary listing of bids received for oil and gas leases on the areas described herein and is not to be considrered as an indication that all high bids will be accepted or that awards will be made by the School Land Board.
ENERGY MARKETING
Energy For Public Entities In Texas
The Texas General Land Office, through its State Energy Marketing Program (SEMP), sells natural gas and electricity competitively to public entities lowering their costs and earning money for the Permanent School Fund (PSF).
The Texas Legislature authorized these sales to maximize revenues from the oil and gas royalties earned from state land. SEMP sells natural gas through the State Gas Program and electricity through the State Power Program.