Server Time (CDT): Mar. 28, 9:37:17a

Tract No. 59

Arapahoe 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 11:56 AM

Registration Status:

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Your Bid Status:

You have not bid on this lot

Tract:

Tract No. 59

Gross Acres:

16.40

Net Acres:

16.40

Time Remaining:

Auction has ended

Start Time:

11/9/2017 10:56 AM MST / 11:56 AM CST

End Time:

11/16/2017 10:56 AM MST / 11:56 AM CST

Your Bid:

-

Highest Bid:

$201/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$3,504.15
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 59

County, State

Arapahoe, CO

Legal Description

T4S, R65W 6th PM
Sec. 34: [Parcel C] = FR PT SWSW
T5S, R65W 6th PM
Sec. 3: [Parcel C] = FR PT Lot 2, FR PT SWNW, FR PT NWSW, FR PT SWSW

Gross Acres

16.40

Net Acres

16.40

State Owns Surface

Yes

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 1 with NSO

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). 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.

B) There shall be No Surface Occupancy on the Leased Land. Lessee and its successors or assigns shall not enter upon or use the surface of the Leased Land for conducting any surface, drilling or other operations.

C) Lessee will use noise mitigation technology to lessen sounds from oil and gas operations and Board Lessee will be subject to the strictest “Zone” requirements stated in Colorado Oil and Gas Conservation Commission Noise Abatement Regulation 802.

D) Lessee will ensure that vehicles will not be left unlocked and unattended at the well pad or at any location within 500 feet of the Leased Land.

E) Lessee will seek and receive DHS written approval prior to shooting any seismic tests on the Leased Land.

F) Other than where entry onto the surface of the Leased Land is necessary to respond to an emergency caused by oil and gas development, Lessee will not have access to the surface of the Leased Land at any time for any purpose without the express written permission of DHS nor will Lessee attempt to access or otherwise disturb DHS’s sole and exclusive use of the surface of the property.

G) DHS shall have the same protections afforded to the Lessor in Paragraphs 19, 25, 27, 29(b)(i), and 34, and as a third party beneficiary to the Lease, DHS shall have the authority to enforce the Paragraphs specified.

OFFSET ACTIVITY

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

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Drilling Rigs on location in Arapahoe 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 #28

11/16/2017 11:55:48 AM

$201

Bidder #12

11/16/2017 11:55:56 AM

$200

Bidder #28

11/16/2017 11:55:48 AM

$151

Bidder #12

11/16/2017 11:55:48 AM

$150

Bidder #28

11/16/2017 11:55:48 AM

$76

Bidder #33

11/16/2017 11:55:16 AM

$75

Bidder #35

11/16/2017 11:55:36 AM

$17

Bidder #33

11/16/2017 11:55:16 AM

$16

Bidder #28

11/16/2017 11:51:19 AM

$15

Bidder #34

11/15/2017 4:51:38 PM

$5


View 2 earlier bids...