Parcel #8
Goshen County, WY
Wyoming Office of State Lands and Investments Oil & Gas Lease Sale, March 6, 2024
AUCTION CANCELLED
AUCTION CANCELLED
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Parcel:
Parcel #8
Gross Acres:
120.00
Net Acres:
120.00
Time Remaining:
Auction has ended
Start Time:
3/4/2024 10:38 AM MST / 11:38 AM CST
End Time:
3/6/2024 10:38 AM MST / 11:38 AM CST
Your Bid:
-
Highest Bid:
-
Starting Bid:
$1/acre
Bid Increment:
$1
Total Cost at Starting Bid:
$306.80
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T26N R62W
Sec 27 S2SW:SWSE
Parcel Details
Parcel No.
Parcel #8
County, State
Goshen, WY
Legal Description
T26N R62W
Sec 27 S2SW:SWSE
Gross Acres
120.00
Net Acres
120.00
Stipulation
1, 136
Royalty Rate
16.67%
Rental/Acre (Per Year)
$1.00
WY Advertising Fee
$14.40
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.
Offset Activity
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.
Points of Contact
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