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BLM Wyoming Federal Lease Sale, March 21 and 22, 2018

WY-181Q-150

Hot Springs County, WY
Gross Acres: 640.00; Net Acres: 640.00

Current auction status

This auction has closed and sold

Start Date/Time: 3/22/2018 9:58 AM CDT / 8:58 AM MDT

End Date/Time: 3/22/2018 10:58 AM CDT / 9:58 AM MDT

Bid info at a glance

Winning bid: $2 per acre

Bid Increment: $1 per acre

Total lease cost at this bid: $2,419.20 (Bonus + Agency Fees + Advance Rental + 1.5% Buyer Premium)

Locator Map

Hot Springs, WY

Parcel Details

Parcel WY-181Q-150
County, State Hot Springs, WY
Legal Description T.0450N, R.0980W, 06th PM, WY
Sec. 027 S2N2,N2S2;
Sec. 028 E2;
Area/Project Worland FO
Acres 640.00
Rental (1st Year) $960.00
Royalty 12.50%
Administrative Fee $160.00

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 TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
  • Lease Notice No. 1
  • Lease Notice No. 2
  • Lease Notice No. 3
  • Lease Stipulation No. 1
  • Lease Stipulation No. 2
  • Lease Stipulation No. 3
  • Lease Notice 1041
  • WY_SW_TLS_PHMAL
  • WY_SW_TLS_PHMAWCA
  • WY_SW_CSU_PHMA
  • TLS (1) No surface use is allowed during the following time periods. Timing Limitation Stipulation (TLS) Nov 15 to Apr 30; (2) as mapped on the Worland Field Office GIS database; (3) protecting big game on crucial winter range.
  • CSU (1) Prior to surface disturbance within 3-mile or the visual horizon of important cultural sites, whichever is closer, a sitespecific plan must be submitted to the BLM by the applicant as a component of the Application for Permit to Drill (BLM Form 3160-3) or Sundry Notice (BLM Form 3160-4) – Surface Use Plan of Operations. The operator shall not initiate surface-disturbing activities unless the BLM authorized officer, in consultation with appropriate Native American tribes and the SHPO, has approved the plan (with conditions, as appropriate). The plan must demonstrate to the BLM authorized officer’s satisfaction how the operator will meet the following performance standards. There will be no adverse effects to NRHP eligible or listed historic properties; (2) as mapped on the Worland Field Office GIS database; (3) protecting cultural and scenic values of important cultural sites.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Hot Springs County, Wyoming

Click here to view full screen
Click here to view full screen

SUCCESSFUL BIDDER NOTIFICATION

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

On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $160, to the BLM State Office by the close of business.

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


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

View the current auction status and bid history for this lease.

BidderDate and Time of BidBonus Bid
Bidder #68 03/22/18 10:01:38 $2