Server Time (CDT): Mar. 28, 6:31:31a

Tract No. 8

Weld County, CO
Colorado State Land Board Lease Auction

SOLD

Property Schedule

Due Diligence Began 2/9/2017
Bidding Started 2/9/2017
Bidding Ended 2/16/2017 10:14 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

Tract No. 8

Gross Acres:

160.00

Net Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

2/9/2017 9:14 AM MST / 10:14 AM CST

End Time:

2/16/2017 9:14 AM MST / 10:14 AM CST

Your Bid:

-

Highest Bid:

$100/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$16,828
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 8

County, State

Weld, CO

Legal Description

T11N, R66W, 6th PM
Sec. 20: NE

Gross Acres

160.00

Net Acres

160.00

State Owns Surface

No

Royalty Rate

1/5

Rental/Acre (Per Year)

$2.50

CO Application Fee

$100.00

Buyer Premium

2.00%

Additional Information

TERMS

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.

Click here to view lease form.

LEASE STIPULATIONS

SEVERED 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). Lessee must notify Lessor’s District Manager prior to surface access and proposed surface occupancy and in connection with any proposed oil and gas operations, including, without limitation, the submittal of a Location Assessment or an Application for Permit to Drill (APD). Lessee is encouraged to notify CPW and CNHP in connection with the required surface owner notice.

OFFSET ACTIVITY

Completions from the last 365 days in Weld County, Colorado

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Drilling Permits from the last 365 days in Weld County, Colorado

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Drilling Rigs on location in Weld County, Colorado

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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.

BUYER PREMIUM

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


CONTACT INFORMATION


Colorado

Christel Koranda
Oil and Gas Leasing Manager
(303) 866-3454 ext 3321
Email: Christel.Koranda@state.co.us

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #25

2/16/2017 8:11:40 AM

$100

Bidder #21

2/16/2017 10:08:37 AM

$99

Bidder #25

2/16/2017 8:11:40 AM

$98

Bidder #21

2/16/2017 10:08:11 AM

$97

Bidder #25

2/16/2017 8:11:40 AM

$96

Bidder #21

2/16/2017 10:07:52 AM

$95

Bidder #25

2/16/2017 8:11:40 AM

$94

Bidder #21

2/16/2017 10:07:27 AM

$93

Bidder #25

2/16/2017 8:11:40 AM

$92

Bidder #21

2/16/2017 10:06:57 AM

$91


View 25 earlier bids...