Server Time (CDT): Jul. 18, 6:17:16a

WY-2023-06-1405

Converse County, WY
BLM Wyoming Federal Oil & Gas Lease Sale, June 28-29, 2023

SOLD

Property Schedule

Due Diligence Began 3/31/2023
Bidding Started 6/28/2023
Bidding Ended 6/28/2023 11:10 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

WY-2023-06-1405

Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

6/28/2023 9:10 AM MDT / 10:10 AM CDT

End Time:

6/28/2023 10:10 AM MDT / 11:10 AM CDT

Your Bid:

-

Highest Bid:

$8,008/acre

Starting Bid:

$10/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$5,204,101.80
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

WY-2023-06-1405

County, State

Converse, WY

Legal Description

T. 41 N., R. 75 W., 6TH PM,
Sec. 35 ALL;

Acres

640.00

Rental (1st Year)

$1,920.00

Royalty

16.67%

Administrative Fee

$185.00

Expression of Interest

WY00017449

Comments

Split Estate

Serial Number

WYWY105822035

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. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.

The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).

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. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • HQ-CR-1 Cultural Resource Protection:
  • HQ-MLA-1 Notice to Lessee Concerning Mineral Leasing Act Section 2(a)(2)(A):
  • HQ-TES-1 Threatened and Endangered Species Act:
  • WY STD LEASE STIPULATION NO. 3 Multiple Mineral Development:
  • WY CFO_CSU_BT3 Bozeman Trail Cultural and Scenic Values:
  • WY CFO_CSU_BTQTRM Bozeman Trail Cultural and Scenic Values:
  • WY STD LEASE NOTICE NO. 1 Reasonable Measures to Minimize Adverse Impacts to Resources:
  • WY STD LEASE NOTICE NO. 2 National Historic Trails:
  • WY STD LEASE NOTICE NO. 3 Greater Sage-Grouse Habitat:
  • WY STD NOTICE TO LESSEE Attachment to Each Lease. Mineral Leasing Act requirements with respect to coal leasing:
  • WY CFO_TLS_NR Nesting Raptors:
  • WY SW_TLS_GHMAL Greater Sage-Grouse breeding, nesting, etc. Within 2 miles of an occupied lek outside Priority Habitat Management Areas

Successful Bidder Notification and Buyer Premium

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 $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $185, to the BLM State Office by the close of business.

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Wyoming Contact Information

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #413

6/28/2023 11:09:56 AM

$8,008

Bidder #746

6/28/2023 11:09:45 AM

$8,007

Bidder #396

6/28/2023 11:09:55 AM

$3,026

Bidder #746

6/28/2023 11:09:45 AM

$1,507

Bidder #424

6/28/2023 11:09:53 AM

$1,506

Bidder #746

6/28/2023 11:09:45 AM

$1,505

Bidder #424

6/28/2023 11:09:51 AM

$1,504

Bidder #746

6/28/2023 11:09:45 AM

$1,503

Bidder #424

6/28/2023 11:09:48 AM

$1,502

Bidder #746

6/28/2023 11:09:45 AM

$1,501


View 17 earlier bids...