DOCUMENT

RFQ - Oil and Gas Exploration 2006

  • YEAR CREATED: 2006
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: RFQ - Requests for Quotes
This document is a Request for Proposal (RFP) for an oil and gas lease bid. The document includes information about the properties to be leased, the minimum standards of the bid, and the instructions for submitting a bid. The City of Hurst is seeking the highest and best bidder who can meet the specified terms, including a primary term of no more than two years, a royalty payment of at least 26% of all oil and gas produced, an annual delay rental, a shut-in payment, bonus money, and adherence to various provisions related to operations, surface restoration, and compliance with regulations. The document also mentions that interested bidders can contact Brian Maness at the City of Hurst for any clarifications or additional information. The successful bidder will negotiate an oil and gas lease with the City within 45 days, and the final form of the lease must be approved by the City Council. The document provides details about the bidding process, including the submission deadline and the required bid form. It also states that the City reserves the right to waive, delete, or amend any requirements connected with the bid.
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