Tract No. 58
EF20_012

Routt County, CO
Colorado State Land Board Lease Sale, February 20, 2020

SOLD

Property Schedule

Due Diligence Began 1/10/2020
Bidding Started 2/13/2020
Bidding Ended 2/20/2020 11:54 AM
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Tract No. 58
EF20_012
40.00
40.00
Auction has ended
2/13/2020 10:54 AM MST / 11:54 AM CST
2/20/2020 10:54 AM MST / 11:54 AM CST
-
$0/acre
$0/acre
$1
$202
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Tract Details
Tract No.
Tract No. 58
EF20_012
County, State
Routt, CO
Legal Description
T6N, R88W 6th PM
Sec. 30: SESE
Gross Acres
40.00
Net Acres
40.00
State Owns Surface
No
Royalty Rate
20.00%
Rental/Acre (Per Year)
$2.50
CO Application Fee
$100.00
Buyer Premium
2.00%
Lease Terms and Conditions

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 the lease form.

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.

Lease Stipulations

130. OG STIP 3 WITH GRSG GHMA, GRSG PHMA, COLUMBIAN SHARP-TAILED GROUSE PRODUCTION AREA, AND ELK WINTER CONCENTRATION AREA:

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) Greater Sage-Grouse Primary Habitat Management Area: Prior to drilling operations, Lessee is required to consult with the State Land Board regarding Greater Sage-Grouse best management practices.

C) Greater Sage-Grouse General Habitat Management Area: Prior to drilling operations, Lessee is required to consult with the State Land Board regarding Greater Sage-Grouse best management practices.

D) Columbian Sharp-tailed Grouse Production Area: This lease falls within 1.24 miles of Columbian Sharp-tailed Grouse nesting and brood rearing habitat. CPW recommends No Surface Occupancy (NSO) between March 15 - July 30 in areas mapped within this habitat. Lessee is required to consult with the State Land Board regarding Columbian Sharp-tailed Grouse best management practices.

E) Elk Winter Concentration Area: This lease falls within mapped Elk Winter Concentration Area. CPW recommends No Surface Occupancy (NSO) between December 1 - April 30 to protect winter habitat area. Lessee is required to consult with the State Land Board regarding best management practices.

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 plus rental, will be added to the cost of this lease.

Colorado State Land Board Points of Contact

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

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #16

2/20/2020 9:29:46 AM

$0

1