Annual Contract for Oil and Gas Mineral Asset Management Services for County-Owned Properties

Tarrant County is seeking a qualified vendor to manage its oil and gas mineral assets on county-owned properties. The awarded contract will be for an initial period of twelve months, starting from the date of award or notice to proceed, with the possibility of two additional one-year renewal options at the county's discretion, contingent upon mutual agreement. All pricing offered must remain firm throughout the entire contract duration. Vendors interested in contract renewal must submit updated documentation required in the original solicitation at least 30 calendar days before the renewal period begins; failure to do so may lead to the county rescinding its renewal option or initiating a new solicitation process. This solicitation, identified by number F2026108 and posted by Tarrant County, Texas, has a deadline for responses set for May 25, 2026. The contract involves comprehensive management services for oil and gas mineral assets, supporting the county’s efforts to optimize revenue and oversight of these resources. Questions and communications regarding the procurement can be directed to the designated buyer, Senior Buyer Kehinde Olugbile, ensuring a single point of contact for the solicitation process. The vendor selection aims to secure capable management with a structured term and clear conditions for renewal and compliance.