Server Time (CST): Feb. 21, 2:15:36a

Tract 2; TRMS2869

Weld County, CO
Colorado State Land Board Oil, Gas, and Helium Lease Sale, February 16, 2023


Property Schedule

Due Diligence Began 1/17/2023
Bidding Started 2/9/2023
Bidding Ended 2/16/2023 10:02 AM

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Tract 2; TRMS2869

Gross Acres:


Net Acres:


Time Remaining:

Auction has ended

Start Time:

2/9/2023 9:02 AM MST / 10:02 AM CST

End Time:

2/16/2023 9:02 AM MST / 10:02 AM CST

Your Bid:


Highest Bid:


Starting Bid:


Bid Increment:


Total Cost at Highest Bid:

(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract 2; TRMS2869

County, State

Weld, CO

Legal Description

T9N, R57W
Sec. 16: ALL

Gross Acres


Net Acres


State Owns Surface


Royalty Rate


Rental/Acre (Per Year)


CO Application Fee


Buyer Premium


Lease Terms and Conditions

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 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 the lease form.

Lease Royalty Rate Information Colorado State Land Board oil and gas leases will be initially offered at a 20% royalty rate. If a lease does not sell at auction, it will be available at the next subsequent auction at a 18.75% royalty rate. If a tract is unsold at the 18.75% rate, it will be placed back into the State Land Board inventory and can be nominated for future auctions starting at the 20% royalty rate. For questions about this process please contact Catie Stitt at 303-866-3454 ext. 3326.

Seller Acquisition Agreement(s)

The Colorado State Land Board forms associated with Oil and Gas leasing may be found at

Lease Stipulations

  • 1. OG STIP 1- JOINT ESTATE WITH BIOLOGICAL ISSUES: Lease contains 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). Prior to surface access for operations and in connection with any Location Assessment for oil and gas operations, or the submittal of an Application for Permit to Drill (APD) with the Colorado Oil and Gas Conservation Commission (OGCC), Lessee shall consult with and obtain approval of the Lessor’s District Manager, or his designee, for operations, including without limitation, exploration activities, well siting and access, and facilities locations. In connection therewith, Lessee shall consult with CPW and CNHP representatives regarding appropriate design measures and best management practices (BMPs) to avoid and minimize adverse impacts to biological resources, species, and habitats. Lessor’s conservation mandate may require Lessee’s compliance with site specific measures to address CPW and CNHP concerns relating to the siting of facilities and the implementation of BMPs to avoid, minimize, and mitigate adverse impacts. Site specific requirements may include, but are not limited to: 1) restricted or prohibited surface occupancy, 2) noise limitations or mitigation measures, 3) seasonal operations restrictions, 4) biological resource mapping, 5) ground or surface water testing, 6) air quality testing and 7) adoption of a comprehensive soil management plan. Lessor does not waive any OGCC consultation requirements with the surface owner, and Lessee shall not seek a variance to any required consultation without the advance written approval of the Lessor. Without excluding other penalties or remedies available under this Lease or as provided by law, Lessor shall impose penalties, subject to the applicable Lease notice and cure rights, including Lease cancellation and fines of up to $10,000 per day, for any violation of this special stipulation or the resulting BMPs, in whole or in part, arising directly or indirectly from the use, occupation or control of the Leased Premises by Lessee, Lessee’s contractor or operator under this Lease. If Lessor determines any oil and gas operations pose a risk of immediate damage to public health, safety or welfare Lessor may order the immediate suspension of operations to investigate and remedy the issues.
  • B.1. HISTORICAL, PREHISTORICAL AND ARCHAEOLOGICAL RESOURCES (FEB 2023) This Stipulation shall replace in its entirety Paragraph 40(j) of the Lease. Under no circumstances may any person injure, destroy, disturb, mar, appropriate, collect, remove, alter, or excavate any historical, prehistorical or archaeological site or resource (collectively, “cultural resources”) on state lands. Discovery or indication of cultural resources shall be immediately brought to the attention of the Lessor and the State Archaeologist. Lessee shall comply with the requirements of C.R.S. § 24-80-401 through 411, as the same may be amended from time to time. Prior to any surface disturbance or before submitting an Application for a Permit to Drill (“APD'') or a spacing application, Lessee shall arrange for a Class III archaeological survey of all sites subject to surface development. The surveyor shall provide the completed survey, including site management recommendations, to Lessor and the Office of Archaeology and Historical Preservation (“OAHP”). If the Class III survey or OAHP identifies any cultural resources on the Leased Lands, Lessor shall consult with OAHP and determine whether any specific site management activities will be required. Lessor, in its sole and absolute discretion, may impose additional requirements, conditions, restrictions, or stipulations under this Lease to protect or preserve cultural resources. Lessee acknowledges that Lessor is under no obligation to refund any bonus payment, rental or fee paid under this Lease.
  • E. MOUNTAIN PLOVER POTENTIAL NEST SITES STIPULATION: If initial surface disturbance is planned between April 1 - August 15, Lessee must conduct a pre-construction survey for Mountain Plover. Lessee shall consult with the State Land Board regarding their results prior to drilling operations.
  • G.1. MULE DEER SEVERE WINTER RANGE STIPULATION: This lease falls within mapped Mule Deer Severe Winter Range. There shall be No Surface Occupancy (NSO) between December 1 - April 30 to protect winter habitat area. CPW recommends a surface density limitation of 1 pad and less than one linear mile of routes per square mile (640 acres). Lessee shall consult with the State Land Board prior to APD or surface disturbance, whichever occurs first, to discuss best management practices and potential habitat mitigation requirements.
  • G.A.1. MULE DEER WINTER CONCENTRATION AREA STIPULATION: This lease falls within mapped Mule Deer Winter Concentration Area. There shall be No Surface Occupancy (NSO) between December 1 - April 30 to protect winter habitat area. CPW recommends a surface density limitation of 1 pad and less than one linear mile of routes per square mile (640 acres). Lessee shall consult with the State Land Board prior to APD or surface disturbance, whichever occurs first, to discuss best management practices and potential habitat mitigation requirements.

Electronic Signature Notice

Any Colorado State Land Board lease obtained at the February 2023 Lease Auction will be issued electronically via DocuSign for signature. If you have any questions on this process, please contact Sherry Lee at 303-866-3454 x 3322 or

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 plus rental, will be added to the cost of this lease.

Colorado State Land Board Points of Contact

Minerals Director
Christel Koranda


(303) 866-3454 ext 3321

Oil and Gas Specialist
Catie Stitt


(303) 866-3454 ext 3326

EnergyNet Point of Contact

Government Resources


(877) 351-4488

Bid History (Top 10)




Bidder #315

2/15/2023 4:49:38 PM