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Tract No. 8
TRMS1311

Kiowa County, CO
Colorado State Land Board Lease Sale, February 15, 2018

AUCTION SOLD

Registration Status:

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Your Bid Status:

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Tract:

Tract No. 8
TRMS1311

Gross Acres:

320.00

Net Acres:

320.00

Time Remaining:

Auction has ended

Start Time:

2/8/2018 10:14 AM CST

End Time:

2/15/2018 10:14 AM CST

Your Bid:

-

Highest Bid:

$0/acre

Starting Bid:

$0/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$916
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 8
TRMS1311

County, State

Kiowa, CO

Legal Description

T17S, R42W 6th PM
Sec. 36: E2

Gross Acres

320.00

Net Acres

320.00

State Owns Surface

No

Royalty Rate

20.00%

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 4- SEVERED ESTATE OF NO KNOWN BIOLOGICAL ISSUES

As of the effective date of the Lease, there are no known 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), on the leased land. Lessee must notify Lessor’s District Manager prior to surface access and 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.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Kiowa 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)

Buyer

Placed

Amount

Bidder #9

2/15/2018 10:00:09 AM

$0