Server Time (CST): Nov. 27, 3:12:52a

WY-2020-09-0423

Converse County, WY
Container for withdrawn and cancelled tracts

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Lease:

WY-2020-09-0423

Gross Acres:

714.37

Net Acres:

714.37

Time Remaining:

Auction has ended

Start Time:

9/22/2020 8:54 AM

End Time:

9/22/2020 9:54 AM

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Starting Bid:

$170
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Lease Details

Parcel

WYW 189989
WY-2020-09-0423

County, State

Converse, WY

Legal Description

WY T0380N, R0700W, 6TH PM
Section: 017 N2;
Section: 018 LOTS 1,2;
Section: 018 NE,E2NW;
Section: 032 S2SE;

Acres

714.37

Rental (1st Year)

$1,072.50

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

WY00015856

Comments

WYW 180947X This parcel is within approved Unit Agreement (UA) (WYW 180947X), effective July 12,2012. 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).

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).

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
  • WY Std Notice to Lessee
  • TBNG-R2-FS-2820-13 Lease Notice
  • TBNG2002-CSU-03 (ALL)
  • TBNG2002-NSO-06 (Sec 17: portions of NENW,NWNW, Sec 18: portions of NENE)
  • TBNG2002-TL-01 (Sec 17: portions of NWNE,SWNE,SWNW,SENW, Sec 18: portions of NWNE,SWNE,SENE)

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 Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488