| Active Participation in Exploration, Development and Operations of Oil and Gas Interests |
| Program Summary |
 |
| Title: |
Active Participation in Exploration, Development and Operations of Oil and Gas Interests |
| GovCB Opps ID : |
ADP12010473430000643 |
| FSC Code: |
a - Research and development
|
| Solicitation No.: |
7UTLANDS2 |
| Source: |
http://esbd.cpa.state.tx.us/bid_show.cfm?bidid=70428 |
Posted Date:
|
Jan 22, 2008 |
| Due Date: |
Mar 13, 2008 |
|
| Description |
|
| Active Participation in Exploration, Development and Operations of Oil and Gas Interests |
| Details:
|
| The University of Texas, University Lands in Midland, Texas manages the 2.1 million acres of Permanent University Fund Lands in West Texas. Currently oil and gas rights are leased via a sealed bid process with the highest bonus generally determining the bid winner. Leases have a 3 year primary term and 25% royalty.
This proposal would evaluate other models and procedures for developing these minerals. Different amounts of working interests and their respective risk and reward ratios would be examined as outlined in the scope of work.
SCOPE OF WORK
Contractor will provide the following services to University:
1 Determine the risks and revenue generated from drilling with 100% working interest on University Lands or alternatively in the Permian Basin.
2 Determine the risks and revenue generated from reserving a right to take a set working interest within leases.
3. Determine the historical risks and revenue generated over the last ten years if a working interest had been taken or reserved on University Lands leases issued over that time period.
4. Look at different working business models that would increase revenue with some risk tolerance.
5. Determine staffing requirements for all determined scenarios. |
|
Agency: UNIVERSITY OF TEXAS SYSTEM (720)
| Open Date: 03/13/08 03:00 PM
| Agency Requisition Number: 7UTLANDS2
|
| Estimated Quantity:1 |
Units: LOT |
| Previous Price Paid:
N/A
|
| Deliver Date: 03/13/09 |
Solicitation type:
21 Days or more for solicitation notice
|
NIGP Commodity Code(s):
| Contact Information: |
| Contact Name: | TIM HUNT |
| Email: | THUNT@UTSYSTEM.EDU |
| Address: | PO BOX 553 |
| | |
| | Midland, TX 79702 |
| Phone: | (432) 684-4404 |
NOTE: You will need to download all of the
following files for
specifications and other required document, including a HUB subcontracting plan(if required).
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-Package 2 size: 271224 (in bytes)
Type:
Specification
Format:
Acrobat PDF Files
Upload Date: 2007-04-30 16:19:49.463 Updated date: 2008-01-22 09:22:23.837
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