Server Time (CDT): Mar. 28, 11:03:48a

WY-1708-024

Niobrara County, WY
BLM Wyoming Federal Lease Sale, September 21, 2017

SOLD

Property Schedule

Due Diligence Began 6/2/2017
Bidding Started 9/21/2017
Bidding Ended 9/21/2017 11:46 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-1708-024

Acres:

2,231.21

Time Remaining:

Auction has ended

Start Time:

9/21/2017 8:46 AM MDT / 9:46 AM CDT

End Time:

9/21/2017 10:46 AM MDT / 11:46 AM CDT

Your Bid:

-

Highest Bid:

$52/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$121,312.96
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

WY-1708-024

County, State

Niobrara, WY

Legal Description

T.0360N, R.0660W, 06th PM, WY
Sec. 004 S2NW;
Sec. 005 LOTS 3,4;
Sec. 005 SENE,S2NW,NWSW,NESE,SWSE;
Sec. 008 NE,SENW,SW,N2SE, SWSE;
Sec. 009 NWNE,S2NE,NW,S2;
Sec. 017 N2,SE;
Sec. 020 NE,N2SE;
Sec. 029 NENE;

Acres

2,231.21

Rental (1st Year)

$3,348.00

Royalty

12.50%

Administrative Fee

$160.00

Comments

BUFFALO (DEEP) UNIT

Additional Information

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. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

LEASE 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. The stipulations can be found by clicking here.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
  • Lease Notice No. 1
  • Lease Notice No. 2
  • Lease Notice No. 3
  • Lease Stipulation No. 1
  • Lease Stipulation No. 2
  • Lease Stipulation No. 3
  • WY_SW_TLS_GHMAL
  • WY_NFO_TLS_PHMAC
  • WY_NFO_CSU_PHMAC
  • TLS (1) Feb 1 to Jul 31; (2) as mapped on the Newcastle Field Office GIS database; (3) protecting nesting Raptors.

OFFSET ACTIVITY

Completions from the last 365 days in Niobrara County, Wyoming

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Drilling Permits from the last Niobrara County, Wyoming

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Drilling Rigs on location in Niobrara 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.

BUYER PREMIUM

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


CONTACT INFORMATION


EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(303) 239-3990
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 #20

9/21/2017 11:44:01 AM

$52

Bidder #72

9/21/2017 11:34:18 AM

$50

Bidder #20

9/21/2017 11:41:08 AM

$33

Bidder #72

9/21/2017 11:34:18 AM

$21

Bidder #20

9/21/2017 11:37:06 AM

$20

Bidder #72

9/21/2017 10:59:08 AM

$8

Bidder #20

9/21/2017 9:58:44 AM

$7

Bidder #34

9/21/2017 10:02:28 AM

$6

Bidder #20

9/21/2017 9:58:44 AM

$3

Bidder #34

9/21/2017 9:49:26 AM

$2