Tract No. 3

Elbert County, CO
Colorado State Land Board Lease Auction

SOLD

Property Schedule

Due Diligence Began 4/18/2017
Bidding Started 5/11/2017
Bidding Ended 5/18/2017 10:04 AM
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Tract No. 3
320.00
320.00
Auction has ended
5/11/2017 9:04 AM MDT / 10:04 AM CDT
5/18/2017 9:04 AM MDT / 10:04 AM CDT
-
$0/acre
$0/acre
$1
$916
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Tract Details
Tract No.
Tract No. 3
County, State
Elbert, CO
Legal Description
T6S, R57W, 6th PM
Sec. 26: E2NW, SW, S2SE
Gross Acres
320.00
Net Acres
320.00
State Owns Surface
No
Royalty Rate
1/5
Rental/Acre (Per Year)
$2.50
CO Application Fee
$100.00
Buyer Premium
2.00%
Additional Information

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.

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.

Click here to view lease form.

LEASE STIPULATIONS

OG STIP 4- SEVERED ESTATE OF NO KNOWN BIOLOGICAL ISSUES

As of the effective date of the Lease, there are no known Colorado Parks & 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), on the leased land. Lessee must notify Lessor’s District Manager prior to surface access and 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.

OFFSET ACTIVITY

Drilling Permits from the last Elbert County, Colorado

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Drilling Rigs on location in Elbert County, Colorado

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SUCCESSFUL BIDDER NOTIFICATION

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

BUYER PREMIUM

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


CONTACT INFORMATION


Colorado

Christel Koranda
Minerals Director
(303) 866-3454 ext 3321
Email: Christel.Koranda@state.co.us

Catie Stitt
Oil and Gas Specialist
(303) 866-3454 ext 3326
Email: Catie.Stitt@state.co.us

EnergyNet

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #14

5/17/2017 10:53:18 PM

$0

1