Server Time (CDT): Apr. 25, 10:11:48p

Parcel ID: 8411
Serial #: COC79289

Weld County, CO
BLM Colorado Federal Lease Sale, December 13, 2018

SOLD

Property Schedule

Due Diligence Began 10/30/2018
Bidding Started 12/13/2018
Bidding Ended 12/13/2018 12:08 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: 8411
Serial #: COC79289

Acres:

320.00

Time Remaining:

Auction has ended

Start Time:

12/13/2018 9:08 AM MST / 10:08 AM CST

End Time:

12/13/2018 11:08 AM MST / 12:08 PM CST

Your Bid:

-

Highest Bid:

$508/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$165,643.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

Parcel ID: 8411
Serial #: COC79289

County, State

Weld, CO

Legal Description

T.0110N.,R.0600W.,6TH PM
Section 34: N2;
U.S. Interest 100.00%

Acres

320.00

Rental (1st Year)

$480.00

Royalty

12.50%

Administrative Fee

$165.00

Comments

U.S. Interest 100.00%

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. See Sale Notice for stipulation details.

THIS PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

All lands are subject to Exhibit CO-03 to protect raptor nests

All lands are subject to Exhibit CO-09 to protect big game winter habitat

All lands are subject to Exhibit CO-18 to protect raptor nesting and fledgling habitat

All lands are subject to Exhibit CO-19 to protect ferruginous hawk nesting and fledgling habitat

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

PVT/BLM; CORM: RGFO

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 $165, 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.

BLM Colorado Contact Information

Email
blm_co_leasesale@blm.gov

Phone
(303) 239-3990

EnergyNet Points of Contact

VP of Government Lease Sales
Gus Rivero

Email
Gus.Rivero@energynet.com

Office
(806) 463-3616


Manager of Government Lease Sales
Brandon Savage

Email
Brandon.Savage@energynet.com

Office
(806) 463-3621


Government Lease Sales Analyst
Heather Fugger

Email
Heather.Fugger@energynet.com

Office
(806) 463-3619

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #31

12/13/2018 12:07:36 PM

$508

Bidder #26

12/13/2018 10:50:43 AM

$507

Bidder #31

12/13/2018 12:07:28 PM

$489

Bidder #26

12/13/2018 10:50:43 AM

$452

Bidder #31

12/13/2018 12:07:15 PM

$451

Bidder #26

12/13/2018 10:50:43 AM

$401

Bidder #31

12/13/2018 12:07:07 PM

$400

Bidder #26

12/13/2018 10:50:43 AM

$256

Bidder #31

12/13/2018 12:06:49 PM

$255

Bidder #26

12/13/2018 10:50:43 AM

$216


View 33 earlier bids...

Copyright ©1999-2024 EnergyNet.com, LLC, All Rights Reserved

Member FINRA. Investments in oil and gas properties involve substantial risk including the possible loss of principal. These risks include, among others, commodity price fluctuations and unforeseen events that may affect oil and gas property values in addition to risks associated with each specific investment. The information included herein is intended to introduce information for independent review and analysis by sophisticated, institutional investors who are engaged in the oil and gas business, and can identify the analyze independently the inherent risks and speculative nature associated with valuing, purchasing, drilling, producing, and operating oil and gas assets. Importantly, EnergyNet may not have independently verified and/or updated information listed herein and may have limited the information included here. Thus, the information may not be complete or up to date and must not be relied upon because each buyer must independently collect, verify, and analyze the information relevant to its purchase decisions.

Certain information included here, including maps associated with listed assets, has been provided to EnergyNet by the seller of the subject asset or has been created based on information provided by the seller. That information may not be complete and has not been verified by EnergyNet. For example, for the maps included herein all dry holes and plugged & abandoned wells have been removed from the maps, in addition to the removal of wells that have been shut-in or temporarily abandoned for more than five (5) years. Again, the information contained herein is only being shared if you wish to use it in making your own evaluations of the properties and does not purport to contain all of the information that a prospective purchaser may need or desire. All of the material included herein is for informational purposes only and may not have been prepared for or be suitable for legal, engineering, or surveying purposes.

Nothing herein shall be construed as giving legal, financial, or other advice of any kind. EnergyNet does not engage in the recommendation of any particular investment(s) to its customers. The information nor the formatting of the information is not intended to, and does not, indicate that one investment is more or less appropriate for any particular customer or the customer's investment goals and profile. Check the background of this Firm on FINRA's BrokerCheck.