Server Time (CDT): May 16, 7:53:45p

WY-2024-03-1798

Converse County, WY
BLM Wyoming Federal Oil & Gas Lease Sale, March 5, 2024

SOLD

Property Schedule

Due Diligence Began 12/11/2023
Bidding Started 3/5/2024
Bidding Ended 3/5/2024 10:06 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

WY-2024-03-1798

Acres:

565.25

Time Remaining:

Auction has ended

Start Time:

3/5/2024 8:06 AM MST / 9:06 AM CST

End Time:

3/5/2024 9:06 AM MST / 10:06 AM CST

Your Bid:

-

Highest Bid:

$118/acre

Starting Bid:

$10/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$69,682.82
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

WY-2024-03-1798

County, State

Converse, WY

Legal Description

T. 32 N., R. 70 W., SIXTH PRINCIPAL,
Sec. 1 LOTS 11-14;
Sec. 2 LOTS 7;
Sec. 3 LOTS 5-12;

Acres

565.25

Rental (1st Year)

$1,698.00

Royalty

16.67%

Administrative Fee

$195.00

Expression of Interest

WY00018772: WY00018771: WY00018770: WY00018769

Comments

Split Estate

Serial Number

WYWY106338773

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 STIPULATION NO. 3 Multiple Mineral Development
  • WY SW_CSU_PHMA Greater Sage-Grouse Priority Habitat Management Areas (PHMAs) - Core Only
  • 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 STD NOTICE TO LESSEE Attachment to Each Lease. Mineral Leasing Act requirements with respect to coal leasing
  • WY CFO_TLS_NR Nesting Raptors
  • WY SW_TLS_PHMAL Greater Sage-Grouse breeding, nesting, etc. Inside Priority Habitat Management Areas (Core only)
  • WY SW_TLS_PHMAWCA Greater Sage-Grouse Winter Concentration Areas

Unit Agreement (UA) Notice

WYWY105396733

This parcel is within approved Unit Agreement (UA) WYWY105396733, effective April, 27, 2011. Before issuance of a lease for lands within an approved unit, the successful bidder may be required to join the unit (43 CFR 3101.3-1). Any lands included in this Notice that are determined to be in a unit prior to lease issuance are subject to regulation (43 CFR 3101.3-1).

More information on federal pooling agreements may be found by searching the Serial Number on BLM's Mineral and Land Report System (MLRS) or by contacting the Bureau of Land Management.

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 $195, 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.

Contacts

BLM Wyoming State Office
Email BLM_WY_OG_Lease_Sale_Info@blm.gov


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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #910

3/5/2024 10:05:49 AM

$118

Bidder #274

3/5/2024 10:05:53 AM

$117

Bidder #910

3/5/2024 10:05:49 AM

$10