2010-07-29 / General Stories
West Texas Oil and Gas Bids Bump Up Average to New High
Permanent School Fund nets $13 Million at Oil, Gas and Wind Lease Sale
Competition for oil and gas leases in West Texas bumped up the average bid per acre to the highest price ever at a regular Permanent School Fund lease sale, Texas Land Commissioner Jerry Patterson announced today. “This is great news for the schoolchildren of Texas,* Patterson said. “This lease sale shows that there is still strong interest in West Texas.”
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