Server Time (CST): Dec. 14, 10:39:25a

Parcel #232

Sweetwater County, WY
Wyoming Office of State Lands and Investments, March 14, 2018

AUCTION SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

Parcel #232

Gross Acres:

640.00

Net Acres:

640.00

Time Remaining:

Auction has ended

Start Time:

3/7/2018 12:51 PM CST / 11:51 AM MST

End Time:

3/14/2018 1:51 PM CDT / 12:51 PM MDT

Your Bid:

-

Highest Bid:

$1/acre

Starting Bid:

$1/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$1,419.60
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Parcel Details

Parcel No.

Parcel #232

County, State

Sweetwater, WY

Legal Description

T21N, R110W
Sec. 16: All

Gross Acres

640.00

Net Acres

640.00

Stipulation

1, 136, 145

Royalty Rate

12.50%

Rental/Acre (Per Year)

$1.00

WY Application Fee

$50.00

WY Advertising Fee

$76.80

Additional Information

TERMS AND CONDITIONS

The Wyoming Board of Land Commissioners may deny an oil and gas lease to any person or legal entity which has failed to comply with any rules of the Board or any terms and conditions of any lease or other agreement with the Board.

On lands in which the State owns less than the entire interest in the oil and gas estate, a lease will be issued by the Board covering the State’s interest independent of the other co-owners.

The Wyoming Board of Land Commissioners may, without prior notice, withdraw specific lands from leasing for oil and gas when it appears reasonably necessary to protect the economic or environmental interests of the State’s trust beneficiaries.

All leases resulting from winning bids will be issued on the lease form currently in effect as approved by the Wyoming Board of Land Commissioners as lessor; will be issued for a primary term of five (5) years; will be charged advance rental of $1.00 per acre per year; and, will be subject to a royalty rate of 12.50% of the total consideration received for state production.

There is no assurance that there is any potential for production on any tract offered for leasing by the Wyoming Board of Land Commissioners.

LEASE STIPULATIONS

The Wyoming Board of Land Commissioners may condition the issuance of any oil and gas lease upon specific stipulations for the protection of the public, the environment, the waters of the State, historical, archeological or paleontological materials, the wildlife resources, or any of the subsurface or surface resources of the State. Summary of stipulations can be found on the attached Standard Stipulation guide.

OFFSET ACTIVITY

Completions from the last 365 days in Sweetwater County, Wyoming

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

Drilling Permits from the last 365 days in Sweetwater County, Wyoming

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

Drilling Rigs on location in Sweetwater 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.

Payment must be made within two business days.

BUYER PREMIUM

A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.


CONTACT INFORMATION


Wyoming OSLI

Tate Smith
Mineral Leasing Supervisor
(307) 777-6635
Email: tate.smith@wyo.gov

Emma Van Vlack
Surface Leasing Supervisor
(307) 777-6637
Email: emma.vanvlack@wyo.gov

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 (Top 10)

Buyer

Placed

Amount

Bidder #99

3/14/2018 12:32:31 PM

$1