Server Time (CDT): Mar. 29, 9:44:55a

Tract No. 1

Weld County, CO
Colorado State Land Board Lease Sale, August 17, 2017

SOLD

Property Schedule

Due Diligence Began 7/19/2017
Bidding Started 8/10/2017
Bidding Ended 8/17/2017 10:00 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. 1

Gross Acres:

160.00

Net Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

8/10/2017 9:00 AM MDT / 10:00 AM CDT

End Time:

8/17/2017 9:00 AM MDT / 10:00 AM CDT

Your Bid:

-

Highest Bid:

$709/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$116,216.80
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 1

County, State

Weld, CO

Legal Description

T11N, R65W, 6th PM
Sec. 30: E2E2

Gross Acres

160.00

Net Acres

160.00

State Owns Surface

No

Royalty Rate

1/5th

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

OG STIP 3 with Potential Burrowing Owl Nest Sites

A) 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.

B) Burrowing Owl Stipulation- This tract potentially contains a burrowing owl nest site. Lessee must conduct a pre-construction survey to identify burrowing owl nest sites. If a burrowing owl nest site is identified, Lessee shall consult with the State Land Board Staff regarding their results prior to drilling operations.

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
Minerals Director
(303) 866-3454 ext 3321
Email: Christel.Koranda@state.co.us

Catie Stitt
Oil and Gas Specialist
(303) 866-3454 ext 3326
Email: Catie.Stitt@state.co.us

EnergyNet

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

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


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #16

8/17/2017 9:56:53 AM

$709

Bidder #25

8/17/2017 9:59:55 AM

$708

Bidder #16

8/17/2017 9:56:53 AM

$609

Bidder #25

8/17/2017 9:59:47 AM

$608

Bidder #16

8/17/2017 9:56:53 AM

$559

Bidder #25

8/17/2017 9:59:38 AM

$558

Bidder #16

8/17/2017 9:56:53 AM

$502

Bidder #18

8/17/2017 9:58:24 AM

$501

Bidder #16

8/17/2017 9:56:53 AM

$402

Bidder #18

8/17/2017 9:55:46 AM

$401


View 25 earlier bids...