Server Time (CDT): Mar. 28, 11:11:29a

Tract No. 55
TRMS1256

Lincoln County, CO
Colorado State Land Board Lease Sale, November 16, 2017

SOLD

Property Schedule

Due Diligence Began 10/16/2017
Bidding Started 11/9/2017
Bidding Ended 11/16/2017 11:48 AM

Registration Status:

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Your Bid Status:

You have not bid on this lot

Tract:

Tract No. 55
TRMS1256

Gross Acres:

640.00

Net Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

11/9/2017 10:48 AM MST / 11:48 AM CST

End Time:

11/16/2017 10:48 AM MST / 11:48 AM CST

Your Bid:

-

Highest Bid:

$0/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$1,732
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 55
TRMS1256

County, State

Lincoln, CO

Legal Description

T14S, R55W 6th PM
Sec. 16: All

Gross Acres

640.00

Net Acres

640.00

State Owns Surface

No

Royalty Rate

1/5

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 Mountain Plover Survey

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) Mountain Plover Stipulation - Prior to drilling operations, Lessee must conduct a survey between April 1 - August 15 to identify Mountain Plover nests. Lessee shall consult with the State Land Board regarding their results prior to drilling operations.

OFFSET ACTIVITY

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

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Drilling Rigs on location in Lincoln 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.

Payment must be made within two business days.

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

11/9/2017 1:14:50 PM

$0