Server Time (CDT): Mar. 28, 6:56:25p

Tract No. 7

Adams 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 10:12 AM

Registration Status:

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Your Bid Status:

You have not bid on this lot

Tract:

Tract No. 7

Gross Acres:

320.00

Net Acres:

320.00

Time Remaining:

Auction has ended

Start Time:

8/10/2017 9:12 AM MDT / 10:12 AM CDT

End Time:

8/17/2017 9:12 AM MDT / 10:12 AM CDT

Your Bid:

-

Highest Bid:

$11/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$4,506.40
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 7

County, State

Adams, CO

Legal Description

T3S, R61W, 6th PM
Sec. 8: E2

Gross Acres

320.00

Net Acres

320.00

State Owns Surface

Yes

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 2- JOINT ESTATE WITH NO KNOWN BIOLOGICAL ISSUES

As of the effective date of the Lease, there are no known 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), on the leased land. Prior to surface access for operations and in connection with any Location Assessment for oil and gas operations, or the submittal of an Application for Permit to Drill (APD) with the Colorado Oil and Gas Conservation Commission (OGCC), Lessee shall consult with and obtain approval of the Lessor’s District Manager, or his designee, for operations, including without limitation, exploration activities, well siting and access, and facilities locations. In connection therewith, Lessee shall consult with CPW and CNHP representatives regarding appropriate design measures and best management practices (BMPs) to avoid and minimize adverse impacts to biological resources, species and habitats. 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.

OFFSET ACTIVITY

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

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Drilling Rigs on location in Adams 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 #2

8/17/2017 10:11:40 AM

$11

Bidder #28

8/17/2017 10:12 AM

$10

Bidder #2

8/17/2017 10:11:40 AM

$6

Bidder #28

8/17/2017 10:11:48 AM

$5

Bidder #2

8/17/2017 10:10:46 AM

$0