Tract No. 23

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.

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There is no assurance that there is any potential for production on any tract offered for leasing by the State Board of Land Commissioners.

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A) OG STIP 3- Lease contains Colorado Parks and 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) Bald Eagle Stipulation- This lease falls within the Active Bald Eagle Nest Site; CPW recommends No Surface Occupancy within 0.25 miles of an active nest site. Prior to drilling operations, Lessee must consult with the State Land Board to determine if a nest site exists and to discuss Bald Eagle best management practices.

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

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Drilling Rigs on location in Larimer County, Colorado

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After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

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