SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Parcel:
Parcel ID: 8027
Serial #: COC78941
Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
6/7/2018 9:10 AM MDT / 10:10 AM CDT
End Time:
6/7/2018 11:10 AM MDT / 12:10 PM CDT
Your Bid:
-
Highest Bid:
$6/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$1,374.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T.0010S., R.0990W., 6TH PM
Section 24: NE;
Parcel Details
Parcel
Parcel ID: 8027
Serial #: COC78941
County, State
Rio Blanco, CO
Legal Description
T.0010S., R.0990W., 6TH PM
Section 24: NE;
Acres
160.00
Rental (1st Year)
$240.00
Royalty
12.50%
Administrative Fee
$160.00
Additional Information
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. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).
LEASE 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. The stipulations can be found by clicking here.
The successful bidder will be required to join the Buckhorn Draw Unit, COC73788X.
All lands are subject to Exhibit CO-29 to alert lessee of paleontological inventory requirements.
All lands are subject to Exhibit CO-34 to alert lessee of potential habitat for a threatened, endangered, candidate, or other special status plant or animal.
All lands are subject to Exhibit CO-39 to protect cultural resources.
All lands are subject to Exhibit CO-56 to alert lessee of potential supplementary air analysis.
All lands are subject Exhibit WR-CSU-12 to maintain the vegetative, hydrologic, and geomorphic functionality of stream channels, water quality characteristics, spring function, water well integrity, proper wetland/riparian function, aquatic health, aquatic and wetland habitat, macroinvertebrate communities, downstream fisheries and natural sediment and salt processes.
All lands are subject to Exhibit WR-TL-14 to reduce the intensity, frequency, and extent of disturbances imposed on big game animals occupying defined winter range and winter concentration area habitats during periods when animals are physiologically or energetically challenged.
All lands are subject to Exhibit WR-LN-10 to alert lessee the parcel encompasses a portion of a wild horse herd management area (HMA).
BLM; CON: WRFO
OFFSET ACTIVITY
Completions from the last 365 days in Rio Blanco County, Colorado
Click here to view full screen
Drilling Permits from the last 365 Days in Rio Blanco County, Colorado
SUCCESSFUL BIDDER NOTIFICATION
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 $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $160, to the BLM State Office by close of business.
BUYER PREMIUM
A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.
CONTACT INFORMATION
BLM - Colorado
(303) 239-3990
Email: blm_co_leasesale@blm.gov
EnergyNet
Gus Rivero
VP of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #14
6/7/2018 12:09:55 PM
$6
Bidder #31
6/7/2018 11:12:13 AM
$5