WY-2023-11-1578

Big Horn County, WY
BLM Wyoming Federal Oil & Gas Lease Sale, November 28, 2023

SOLD

Property Schedule

Due Diligence Began 9/19/2023
Bidding Started 11/28/2023
Bidding Ended 11/28/2023 11:12 AM
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WY-2023-11-1578
2,212.62
Auction has ended
11/28/2023 9:12 AM MST / 10:12 AM CST
11/28/2023 10:12 AM MST / 11:12 AM CST
-
$36/acre
$10/acre
$1
$87,687.02
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
WY-2023-11-1578
County, State
Big Horn, WY
Legal Description
T. 52 N., R. 95 W., SIXTH PRINCIPAL,
Sec. 24 ALL;
Sec. 25 TR LOTS 5-12 OF TR 62, LOTS 4,13, W2NW;
Sec. 26 ALL;
Sec. 27 ALL;
Acres
2,212.62
Rental (1st Year)
$6,639.00
Royalty
16.67%
Administrative Fee
$185.00
Expression of Interest
WY00015964
Comments
Split Estate
Serial Number
WYWY106317414
Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.

The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).

Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.

They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • WY STD LEASE NOTICE 1041 water monitoring plans
  • WY STD LEASE STIPULATION NO. 3 Multiple Mineral Development
  • WY CyFO_CSU_RN4119 Raptor Nests
  • HQ-CR-1 Cultural Resource Protection
  • HQ-MLA-1 Notice to Lessee Concerning Mineral Leasing Act Section 2(a)(2)(A)
  • HQ-TES-1 Threatened and Endangered Species Act
  • WY STD LEASE NOTICE NO. 1 Reasonable Measures to Minimize Adverse Impacts to Resources
  • WY STD LEASE NOTICE NO. 2 National Historic Trails
  • WY STD LEASE NOTICE NO. 3 Greater Sage-Grouse Habitat
  • WY CyFO_TLS_RN4119 Raptor Nests
  • WY SW_TLS_PHMAWCA Greater Sage-Grouse Winter Concentration Areas
Successful Bidder Notification and Buyer Premium

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $185, to the BLM State Office by the close of business.

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Wyoming Contact Information
EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #373

11/28/2023 11:11:47 AM

$36

Bidder #77

11/28/2023 11:11:53 AM

$35

Bidder #373

11/28/2023 11:11:10 AM

$10

1