Server Time (CDT): Mar. 28, 2:21:58p

Parcel ID: 7961
Serial #: COC78676

Garfield County, CO
BLM Colorado Federal Lease Sale, December 7, 2017

SOLD

Property Schedule

Due Diligence Began 9/12/2017
Bidding Started 12/7/2017
Bidding Ended 12/7/2017 12:14 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

Parcel ID: 7961
Serial #: COC78676

Acres:

120.00

Time Remaining:

Auction has ended

Start Time:

12/7/2017 9:14 AM MST / 10:14 AM CST

End Time:

12/7/2017 11:14 AM MST / 12:14 PM CST

Your Bid:

-

Highest Bid:

$26/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$3,506.80
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

Parcel ID: 7961
Serial #: COC78676

County, State

Garfield, CO

Legal Description

T.0070S.,R.0980W.,6TH PM
Section 14: E2NE,NESE;

Acres

120.00

Rental (1st Year)

$180.00

Royalty

12.5%

Administrative Fee

$160.00

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 PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

All lands are subject to Exhibit CO-34 to alert lessee of potential habitat for a threatened, endangered, candidate, or other special status plant or animal

All lands are subject to Exhibit CO-56 to alert lessee of potential supplementary air analysis

All lands are subject to Exhibit Geology Slope NSO CO to protect slopes steeper than 40%

All lands are subject to Exhibit Geology Soil CSU CO to protect fragile soils and mapped Mancos shale and saline soils

All lands are subject to Exhibit Plant Community CSU CO to protect significant plant communities

All lands are subject to Exhibit Wildlife Raptor Nesting TL CO to protect nesting by raptors

All lands are subject to Exhibit Wildlife Sensitive Raptor Nesting TL CO to protect nesting by sensitive raptors

All lands are subject to Exhibit GRSG-TL-46e to protect greater sage-grouse lekking, nesting, and early brood-rearing

All lands are subject to Exhibit GJ-NSO-37 for Cultural Resource Allocation to Conservation Use Category

All lands are subject to Exhibit GJ-NSO-38 for Cultural Resource Allocation to Traditional Use Category

All lands are subject to Exhibit GJ-CSU-3 to protect definable streams

All lands are subject to Exhibit GJ-CSU-9 to protect sensitive plant species

All lands are subject to Exhibit GJ-CSU-27 for Cultural Resource Allocation to Scientific Use Category

All lands are subject to Exhibit GJ-CSU-28 for Cultural Resource Allocation to Public Use Category

All lands are subject to Exhibit GJ-TL-3 to protect migratory bird nesting habitat

All lands are subject to Exhibit GJ-TL-20 to protect big game winter range

All lands are subject to Exhibit GJ-LN-3 for biological inventories

All lands are subject to Exhibit GJ-LN-4 for threatened or endangered species

All lands are subject to Exhibit GJ-LN-6 for Class 4 and Class 5 paleontological areas

BLM; COS: GJFO

OFFSET ACTIVITY

Completions from the last 365 days in Garfield County, New Mexico

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Drilling Permits from the last Garfield County, New Mexico

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Drilling Rigs on location in Garfield County, New Mexico

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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


BLM - Colorado

(303) 239-3990
Email: blm_co_leasesale@blm.gov

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


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #13

12/7/2017 12:13:01 PM

$26

Bidder #8

12/7/2017 12:13:52 PM

$25

Bidder #13

12/7/2017 12:13:01 PM

$21

Bidder #8

12/7/2017 12:13:39 PM

$20

Bidder #13

12/7/2017 12:13:01 PM

$10

Bidder #15

12/7/2017 12:13:23 PM

$9

Bidder #13

12/7/2017 12:13:01 PM

$8

Bidder #15

12/7/2017 12:13:13 PM

$7

Bidder #13

12/7/2017 12:13:01 PM

$6

Bidder #14

12/7/2017 12:11:05 PM

$5


View 3 earlier bids...