Server Time (CDT): Mar. 28, 11:34:57a

Parcel ID: 8007
Serial #: COC78988

Rio Blanco County, CO
BLM Colorado Federal Lease Sale, June 7, 2018

SOLD

Property Schedule

Due Diligence Began 4/23/2018
Bidding Started 6/7/2018
Bidding Ended 6/7/2018 1:44 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

Parcel ID: 8007
Serial #: COC78988

Acres:

320.00

Time Remaining:

Auction has ended

Start Time:

6/7/2018 10:44 AM MDT / 11:44 AM CDT

End Time:

6/7/2018 12:44 PM MDT / 1:44 PM CDT

Your Bid:

-

Highest Bid:

$34/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$11,683.20
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

Parcel ID: 8007
Serial #: COC78988

County, State

Rio Blanco, CO

Legal Description

T.0020N., R.0970W., 6TH PM
Section 31: E2;

Acres

320.00

Rental (1st Year)

$480.00

Royalty

12.50%

Administrative Fee

$160.00

Additional Information

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 PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

All lands are subject to Exhibit CO-29 to alert lessee of paleontological inventory requirements.

All lands are subject to Exhibit CO-34 to alert lessee of potential habitat for a threatened, endangered, candidate, or other special status plant or animal.

All lands are subject to Exhibit CO-39 to protect cultural resources.

All lands are subject to Exhibit CO-56 to alert lessee of potential supplementary air analysis.

The following lands are subject to Exhibit WR-CSU-10 to protect soils on natural slopes greater than or equal to 35 percent but less than 50 percent:

T.0020N., R.0970W., 6TH PM
Section 31: NENE,SWSE;

All lands are subject to Exhibit WR-TL-14 to reduce the intensity, frequency, and extent of disturbances imposed on big game animals occupying defined winter range and winter concentration area habitats during periods when animals are physiologically or energetically challenged.

All lands are subject to Exhibit WR-LN-10 to alert lessee the parcel encompasses a portion of a wild horse herd management area (HMA).

BLM; CON: WRFO

OFFSET ACTIVITY

Completions from the last 365 days in Rio Blanco County, Colorado

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Drilling Permits from the last 365 Days in Rio Blanco 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.

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 4:00 PM MST.

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


BLM - Colorado

(303) 239-3990
Email: blm_co_leasesale@blm.gov

EnergyNet

Gus Rivero
VP of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com

Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #14

6/7/2018 1:43:56 PM

$34

Bidder #13

6/7/2018 1:41:33 PM

$33

Bidder #37

6/7/2018 12:48:28 PM

$2