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Tract No. 10
TRMS1211

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

AUCTION CANCELLED

Registration Status:

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Your Bid Status:

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Tract:

Tract No. 10
TRMS1211

Gross Acres:

240.00

Net Acres:

240.00

Time Remaining:

Auction has ended

Start Time:

2/8/2018 10:18 AM CST

End Time:

2/15/2018 10:18 AM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$100/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$25,192
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 10
TRMS1211

County, State

Jackson, CO

Legal Description

No Surface Occupancy
T10N, R78W 6th PM
Sec. 33: NWNE, S2N2, NWSW

Gross Acres

240.00

Net Acres

240.00

State Owns Surface

Yes

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

63. OG STIP 1 with Greater Sage-Grouse Primary Habitat Management Area (201711)

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) Greater Sage-Grouse Primary Habitat Management Area: No Surface Occupancy - 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. Lessee will be required to submit and obtain approval of a mitigation plan for any surface disturbance benefiting this lease.

OFFSET ACTIVITY

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

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Drilling Rigs on location in Jackson 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