Server Time (CDT): Mar. 28, 9:01:35a

No. 19

Weld County, CO
Colorado State Lease Auction

SOLD

Property Schedule

Due Diligence Began 1/23/2015
Bidding Started 2/12/2015
Bidding Ended 2/19/2015 3:30 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

No. 19

Gross Acres:

640.00

Net Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

2/12/2015 2:30 PM MST / 3:30 PM CST

End Time:

2/19/2015 2:30 PM MST / 3:30 PM CST

Your Bid:

-

Highest Bid:

$200/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$132,212
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

No. 19

County, State

Weld, CO

Legal Description

T10N, R60W, 6th PM
Sec. 16: All

Gross Acres

640.00

Net Acres

640.00

State Owns Surface

No

Royalty Rate

1/6

Rental/Acre (Per Year)

$2.50

CO Application Fee

$20.00

Buyer Premium

2.00%

Additional Information

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.

Weld County, Colorado, Drilling Permits from the last 90 days. Source: DrillingInfo.

Drilling Rigs on Location in Weld County, Colorado. Source: DrillingInfo.

Lease Stipulation
A) There shall be No Surface Occupancy (NSO) on this lease. B) Lessee must notify Lessor’s District Manager prior to any proposed oil and gas operations, including, without limitation, the submittal of a Location Assessment or an Application for Permit to Drill (APD). 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.

GIS Data and Location Map
GIS data in the form a shapefile is available for this lease sale. Click here to download.
A tract locations map for the February 2015 sale from the Colorado State Land Board is available. Click here to download.
Please be advised that the information contained herein 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 contained herein.

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #25

2/19/2015 3:29:41 PM

$200

Bidder #22

2/19/2015 2:39:31 PM

$199

Bidder #25

2/19/2015 3:28:57 PM

$196

Bidder #22

2/19/2015 2:39:31 PM

$195

Bidder #25

2/19/2015 3:28:51 PM

$194

Bidder #22

2/19/2015 2:39:31 PM

$193

Bidder #40

2/19/2015 3:12:25 PM

$192

Bidder #22

2/19/2015 2:39:31 PM

$166

Bidder #40

2/19/2015 11:07:43 AM

$165

Bidder #22

2/19/2015 2:38:44 PM

$111


View 16 earlier bids...