Tract No. 35
TRMS1899

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.

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

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Lease Royalty Rate Information Colorado State Land Board oil and gas leases will be initially offered at a 20% royalty rate. If a lease does not sell at auction, it will be available at the next subsequent auction at a 18.75% royalty rate. If a tract is unsold at the 18.75% rate, it will be placed back into the State Land Board inventory and can be nominated for future auctions starting at the 20% royalty rate. For questions about this process please contact Catie Stitt at 303-866-3454 ext. 3326.

129. OG STIP 3 WITH BIGHORN SHEEP PRODUCTION RANGE, BIGHORN SHEEP WINTER CONCENTRATION AREA AND WINTER RANGE AND SWIFT FOX SURVEY:

A) SEVERED ESTATE WITH KNOWN BIOLOGICAL ISSUES: Lease contains Colorado Parks and 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). Lessee must notify Lessor’s District Manager prior to surface access and proposed surface 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.

B) Bighorn Sheep Production Range- This lease falls within mapped Bighorn Sheep Production Range in the following areas: 29S-56W-30: Lot 3 (SE). CPW recommends No Surface Occupancy in this area. Lessee agrees that there will be no over flights of the leased land in the following areas between April 15-June 30 of the following areas: 29S-56W-30 Lot 3 (SE). CPW recommends restricted occupancy on the leased land between April 15-June 30 in the following areas: 29S-56W-30 Lot 3 (SE) and a limit of one surface facility. Lessee shall consult with the State Land Board during surface planning and prior to APD to discuss Bighorn Sheep best management practices.

C) Bighorn Sheep Winter Concentration Area and Winter Range- This lease falls within mapped Bighorn Sheep Winter Concentration Area and Winter Range in the following areas: 29S-56W-30: Lot 3 (SE). CPW recommends No Surface Occupancy in this area. Lessee agrees that there will be no over flights of the leased land in the following areas between November 1- April 15 of the following areas: 29S-56W-30: Lot 3 (SE). CPW recommends restricted occupancy on the leased land between November 1 - April 15 in the following areas: 29S-56W-30: Lot 3 (SE) and a limit of one surface facility. Lessee shall consult with the State Land Board during surface planning and prior to APD to discuss Bighorn Sheep best management practices.

D) Swift Fox Stipulation- Prior to drilling operations, Lessee must conduct a Swift Fox survey for active den sites. Lessee shall consult with the State Land Board regarding their results prior to drilling operations.

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.

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

Minerals Director
Christel Koranda

Email
Christel.Koranda@state.co.us

Office
(303) 866-3454 ext 3321

Oil and Gas Specialist
Catie Stitt

Email
Catie.Stitt@state.co.us

Office
(303) 866-3454 ext 3326

Government Resources

Email
government@energynet.com

Office
(866) 364-4688