Parcel #21

Laramie County, WY
Wyoming Office of State Lands and Investments Oil & Gas Lease Sale, November 8, 2023

AUCTION CANCELLED

Property Schedule

Due Diligence Began 9/26/2023
Bidding Started 11/1/2023
Bidding Ended 11/8/2023 9:40 AM
Please log in as a buyer to view registration status.
You have not bid on this lot
Parcel #21
121.61
121.61
Auction has ended
11/1/2023 8:40 AM MDT / 9:40 AM CDT
11/8/2023 8:40 AM MST / 9:40 AM CST
-
-
$1/acre
$1
$296.44
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Parcel Details
Parcel No.
Parcel #21
County, State
Laramie, WY
Legal Description
T18N R66W
Sec 18 Lot 4:E2SW
Gross Acres
121.61
Net Acres
121.61
Stipulation
1, 117, 136
Royalty Rate
16.67%
Rental/Acre (Per Year)
$1.00
WY Application Fee
$50.00
Lease Terms and Conditions

The Wyoming Board of Land Commissioners may deny an oil and gas lease to any person or legal entity which has failed to comply with any rules of the Board or any terms and conditions of any lease or other agreement with the Board.

On lands in which the State owns less than the entire interest in the oil and gas estate, a lease will be issued by the Board covering the State's interest independent of the other co-owners.

The Wyoming Board of Land Commissioners may, without prior notice, withdraw specific lands from leasing for oil and gas when it appears reasonably necessary to protect the economic or environmental interests of the State's trust beneficiaries.

All leases resulting from winning bids will be issued on the lease form currently in effect as approved by the Wyoming Board of Land Commissioners as lessor; will be issued for a primary term of five (5) years; will be charged advance rental of $1.00 per acre per year; and, will be subject to a royalty rate of 16.67% of the total consideration received for state production.

There is no assurance that there is any potential for production on any tract offered for leasing by the Wyoming Board of Land Commissioners.

Lease Stipulations

The Wyoming Board of Land Commissioners may condition the issuance of any oil and gas lease upon specific stipulations for the protection of the public, the environment, the waters of the State, historical, archeological or paleontological materials, the wildlife resources, or any of the subsurface or surface resources of the State. Summary of stipulations can be found on the attached Standard Stipulation guide.

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.

Payment must be made within two business days.

A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.

Contacts

Wyoming Office of State Lands and Investments
Richard Shanor, Mineral Leasing Supervisor
Email richard.shanor@wyo.gov
Office (307) 777-6635

Dianna L. Wolvin, Lands Management Specialist
Email dianna.wolvin@wyo.gov
Office (307) 777-6625


EnergyNet
Government Resources
Email government@energynet.com
Office (877) 351-4488

1