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March 02, 2026
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GSA Generates $3.9M by Selling Surplus Federal Property in Texas, Delivers Value to American Taxpayers

Public auction sale of approximately 133 net mineral acres helps rightsize the federal real estate portfolio

BIG SPRING, Texas – **** Today, the U.S. General Services Administration (GSA) announced the completion of a $3.9 million public auction sale of the oil and gas mineral rights of approximately 133 total net mineral acres in Big Spring, Texas, formerly owned by the U.S. Bureau of Land Management. The sale marks a strategic step in GSA’s ongoing efforts in rightsizing the federal footprint, reducing waste, and delivering value to the American people.

“Our sale in Big Spring showcases our execution of President Trump’s mandate to reduce the bloated federal real estate portfolio and turn it into economic opportunity, no matter the type of asset,” said GSA Administrator Edward C. Forst.

In alignment with GSA’s statutory responsibility under Title 40 to manage and dispose of federal property in a manner that maximizes return and serves the public interest, this transaction directly supports Executive Order 14241, Immediate Measures to Increase American Mineral Production, by returning mineral assets to productive private-sector use and strengthening domestic mineral supply and production. The strong, competitive bidding activity highlights the robust demand for Permian Basin mineral assets, resulting in increased proceeds and measurable value for American taxpayers. Through collaboration with federal partners and in accordance with all applicable laws, this sale allows GSA to efficiently move this property out of the federal inventory, while providing local economic opportunities.

In addition to this sale, GSA has separately identified other assets for potential disposal to ensure taxpayers no longer pay for empty and underutilized federal office space, or significant maintenance costs — potentially saving more than $430 million in total annual operating costs.

GSA remains committed to solving long-term problems that exist in the federal portfolio of assets, reducing waste, and delivering long-term value to the American people. For more information, visit realestatesales.gov.

About GSA: GSA provides centralized procurement and shared services for the federal government. GSA manages a nationwide real estate portfolio of approximately 360 million rentable square feet, oversees more than $116 billion in products and services via federal contracts, and delivers technology services to millions of people across dozens of federal agencies. GSA’s mission is to deliver exceptional customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit GSA.gov and follow us at @USGSA.

Contact
press@gsa.gov

Last updated: Mar 2, 2026

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