WY-2020-03-6318

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 12:48 PM
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WY-2020-03-6318
162.94
Auction has ended
3/24/2020 10:48 AM MDT / 11:48 AM CDT
3/24/2020 11:48 AM MDT / 12:48 PM CDT
-
$634/acre
$2/acre
$1
$105,306.63
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
WY-2020-03-6318
County, State
Converse, WY
Legal Description
WY T0370N, R0710W, 6TH PM
Section: 003 LOTS 1,2,3,4.
12.500 % Acquired Royalty Interest
Area/Project
Casper FO
Acres
162.94
Rental (1st Year)
$244.50
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
EOI #WY00015460
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
  • TBNG-R2-FS-2820-13 Lease Notice
  • TBNG2002-TL-01
  • TBNG2002-CSU-03
Existing Agreements

WYW 180130X This parcel is within approved Unit Agreement (UA) WYW 180130X, effective October 19, 2011. Before issuance of a lease for lands within an approved unit, the successful bidder may be required to join the unit (43 CFR 3101.3-1). Any lands included in this Notice that are determined to be in a unit prior to lease issuance are subject to regulation (43 CFR 3101.3-1).

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 #21

3/24/2020 11:53:46 AM

$634

Bidder #53

3/24/2020 12:47:54 PM

$633

Bidder #21

3/24/2020 11:53:46 AM

$267

Bidder #41

3/24/2020 12:47:51 PM

$266

Bidder #21

3/24/2020 11:53:46 AM

$154

Bidder #48

3/24/2020 12:44:18 PM

$153

Bidder #21

3/24/2020 11:53:46 AM

$103

Bidder #64

3/24/2020 12:14:22 PM

$102

Bidder #21

3/24/2020 11:53:46 AM

$70

Bidder #64

3/24/2020 12:14:01 PM

$69

View 8 earlier bids...

1