WY-2020-03-6374

Converse County, WY
BLM Wyoming Federal Lease Sale, March 24, 2020

SOLD

Property Schedule

Due Diligence Began 1/21/2020
Bidding Started 3/24/2020
Bidding Ended 3/24/2020 10:28 AM
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WY-2020-03-6374
37.63
Auction has ended
3/24/2020 8:28 AM MDT / 9:28 AM CDT
3/24/2020 9:28 AM MDT / 10:28 AM CDT
-
$952/acre
$2/acre
$1
$36,945.64
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
WY-2020-03-6374
County, State
Converse, WY
Legal Description
WY T0380N, R0730W, 6TH PM
Section: 018 LOTS 4.
Area/Project
Casper FO
Acres
37.63
Rental (1st Year)
$57.00
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
EOI #WY00015354
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 TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • Lease Notice No. 1
  • Lease Notice No. 2
  • Lease Notice No. 3
  • Lease Stipulation No. 1
  • Lease Stipulation No. 2
  • Lease Stipulation No. 3
  • TBNG2002-TL-01
  • TBNG-R2-FS-2820-13 Lease Notice
  • TBNG2002-CSU-03
Existing Agreements

WYW 180786 The land within this parcel is committed to Communitization Agreement (CA) WYW180786, Sussex Formation, effective October 01, 2011, which includes the entire area of this parcel. The operator of this CA is Samson Resources Company. The successful bidder should contact the CA operator to determine their rights under this CA. The CA operator may require the successful bidder to pay a proportionate cost of the well, including drilling, completing, equipping, and operating the well as a condition of participating in the CA.

WYW 183297 The land within this parcel is committed to Communitization Agreement (CA) WYW 183297, Sussex Formation, effective December 19, 2016, which includes the entire area of this parcel. The operator of this CA is Samson Resources Company. The successful bidder should contact the CA operator to determine their rights under this CA. The CA operator may require the successful bidder to pay a proportionate cost of the well, including drilling, completing, equipping, and operating the well as a condition of participating in the CA.

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 $170, 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 Wyoming Contact Information
EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #51

3/24/2020 10:27:47 AM

$952

Bidder #20

3/24/2020 10:27:57 AM

$951

Bidder #51

3/24/2020 10:27:47 AM

$802

Bidder #37

3/24/2020 10:27:07 AM

$801

Bidder #41

3/24/2020 10:27:40 AM

$542

Bidder #37

3/24/2020 10:27:07 AM

$244

Bidder #41

3/24/2020 10:27:30 AM

$243

Bidder #37

3/24/2020 10:27:07 AM

$26

Bidder #68

3/24/2020 10:27:20 AM

$25

Bidder #37

3/24/2020 10:27:07 AM

$23

View 4 earlier bids...

1