No. 62
Routt County, CO
Colorado State Lease Auction
AUCTION CANCELLED
Property Schedule
Due Diligence Began
8/11/2016
Bidding Started
8/11/2016
Bidding Ended
8/18/2016 11:32 AM
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No. 62
148.26
148.26
Auction has ended
8/11/2016 10:32 AM MDT / 11:32 AM CDT
8/18/2016 10:32 AM MDT / 11:32 AM CDT
-
-
$0/acre
$1
$398.06
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
T6N, R85W, 6th PM
Sec. 24: W2E2NW, W2NW. FP-N2SW (Patent 8400)
Sec. 24: W2E2NW, W2NW. FP-N2SW (Patent 8400)
Tract Details
Tract No.
No. 62
County, State
Routt, CO
Legal Description
T6N, R85W, 6th PM
Sec. 24: W2E2NW, W2NW. FP-N2SW (Patent 8400)
Sec. 24: W2E2NW, W2NW. FP-N2SW (Patent 8400)
Gross Acres
148.26
Net Acres
148.26
State Owns Surface
No
Royalty Rate
1/5
Rental/Acre (Per Year)
$2.50
CO Application Fee
$20.00
Buyer Premium
2.00%
Additional Information
NOTICE
Prior to bidding in Routt County tracts, please review the Routt County Planning Department Letter.
Colorado Oil and Gas Lease Changes
The Colorado State Land Board has approved revisions to the standard oil and gas lease form for the first time since 2011. The new lease terms will go into effect for all oil and gas leases issued on or after May 19, 2016. Significant revisions made to the lease provisions are summarized in the 2016 Oil and Gas Lease Changes.
UPDATE: The State of Colorado will no longer round up the Rental Fee. All Rentals will be paid on the actual acreage of the lease.
The new lease form is available by clicking the Colorado Lease Form.
UPDATE: The State of Colorado will no longer round up the Rental Fee. All Rentals will be paid on the actual acreage of the lease.
The new lease form is available by clicking the Colorado Lease Form.
Terms
Purchase price includes the lease bonus and 1st year rental and buyer's premium. Buyer will be responsible for paying rental payments for years 2 through 5.
Notice: A 2% Buyer Premium, calculated as 2% of the total rental, will be added to the cost of this lease.
Data represented on these maps is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither Colorado nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data on these maps.
There is no assurance that there is any potential for production on any tract offered for leasing by the State Board of Land Commissioners.
Drilling Permits from the last 365 days in Routt County, Colorado
source: www.drillinginfo.com
source: www.drillinginfo.com
Lease Stipulation
SEVERED ESTATE WITH BIOLOGICAL ISSUES WITH ELK PRODUCTION AREA STIPULATION
Lease contains Colorado Parks and Wildlife (CPW) mapped High Priority Habitat (HPH) and/or occurrences of Federally-listed Endangered, Threatened, or Candidate wildlife or plant species as mapped by Colorado Natural Heritage Program (CNHP). Lessee must notify Lessors District Manager prior to surface access and proposed surface occupancy and in connection with any proposed oil and gas operations, including, without limitation, the submittal of a Location Assessment or an Application for Permit to Drill (APD). Lessee is encouraged to notify CPW and CNHP in connection with the required surface owner notice.
This lease is in the Elk Production Area. In regard to Elk protection, CPW has recommended a surface density limit of one well pad per section or off-site mitigation. Lessee must consult with State Land Board prior to APD to discuss Elk concerns and identify Elk Best Management Practices.
Lease contains Colorado Parks and Wildlife (CPW) mapped High Priority Habitat (HPH) and/or occurrences of Federally-listed Endangered, Threatened, or Candidate wildlife or plant species as mapped by Colorado Natural Heritage Program (CNHP). Lessee must notify Lessors District Manager prior to surface access and proposed surface occupancy and in connection with any proposed oil and gas operations, including, without limitation, the submittal of a Location Assessment or an Application for Permit to Drill (APD). Lessee is encouraged to notify CPW and CNHP in connection with the required surface owner notice.
This lease is in the Elk Production Area. In regard to Elk protection, CPW has recommended a surface density limit of one well pad per section or off-site mitigation. Lessee must consult with State Land Board prior to APD to discuss Elk concerns and identify Elk Best Management Practices.
GIS Data
GIS data in the form a shapefile is available for this lease sale. Click here to download.
Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither Colorado nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.
Contact Information
Colorado
Christel Koranda
Oil and Gas Leasing Manager
(303) 866-3454 ext 3321
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621