Bid Information
For each parcel bid upon, indicate the term of the lease (years), royalty rate, and bonus being offered. Include any other information that may be relevant to the Bank in making its leasing decision. Should multiple bids be received on acreage tracts, the Bank will inform the parties of that fact and establish a date that the highest and best offers will be considered. The final results will be sent only to those individuals who participate in the bidding process. The Bank will not be obligated to accept any bid that it considers not to be in its best interest.
Leases will be drawn up by the Bank, on the Bank’s unaltered lease form or a form approved by the Bank, for no more than a five year term and with a minimum of $1.00 per net acre annual delay rental. The Bank will consider using it’s paid up lease form on a case by case basis for leases of three year term or less. The maximum amount of acreage dedicated to a lease will be 160 acres or less, unless the Bank determines that it is in its best interest to include more than 160 acres in a lease.
Bonus payment is expected within 30 days of notice of a successful bid. Sight drafts are not acceptable; payment should be made by certified check or, with Bank approval, company check.
Any questions about information found at this site or
offers to lease available minerals should be directed to:
U.S.
AgBank, FCB
Arizona, California, Nevada, Utah,
Colorado, Kansas, Oklahoma, New Mexico
Richard Carlisle, Director-Minerals or Patti Gorham- Assistant Director of
Minerals
245 North Waco, P.O. Box 2940
Wichita, Kansas 67201-2940
316-266-5474 or 316-266-5296
richard.carlisle@usagbank.com
patti.gorham@usagbank.com
THE USAgBANK MAKES NO WARRANTY REGARDING THE PRODUCTIVE
CAPABILITY OR ACCURACY OF THE LEGAL DESCRIPTIONS OR OWNERSHIP ON ANY OF
THE ACREAGE DESCRIBED ON THIS WEBSITE.
USAgBANK ASSUMES ANY LESSEE OF MINERAL
ACREAGE IS
INFORMED AND KNOWLEDGEABLE OF INDUSTRY PRACTICES AND HAS
CONDUCTED ITS OWN DUE DILIGENCE BEFORE LEASING.