Parcel #145

Fremont County, WY
Wyoming Office of State Lands and Investments, July 18, 2018

SOLD

Property Schedule

Due Diligence Began 6/5/2018
Bidding Started 7/11/2018
Bidding Ended 7/18/2018 1:48 PM
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Parcel #145
640.00
640.00
Auction has ended
7/11/2018 12:48 PM MDT / 1:48 PM CDT
7/18/2018 12:48 PM MDT / 1:48 PM CDT
-
$1/acre
$1/acre
$1
$1,342.80
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Parcel Details
Parcel No.
Parcel #145
County, State
Fremont, WY
Legal Description
T27N, R102W
Sec 36: All
Gross Acres
640.00
Net Acres
640.00
Stipulation
1, 136, 145
Royalty Rate
16.67%
Rental/Acre (Per Year)
$1.00
WY Application Fee
$50.00
Additional Information

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

Completions from the last 365 days in Fremont County, Wyoming

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Drilling Permits from the last 365 days in Fremont County, Wyoming

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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.

Payment must be made within two business days.

BUYER PREMIUM

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


CONTACT INFORMATION


Wyoming OSLI

Tate Smith
Mineral Leasing Supervisor
(307) 777-6635
Email: tate.smith@wyo.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 #13

7/18/2018 1:47:57 PM

$1

1