Server Time (CDT): Mar. 28, 9:57:58a

Parcel #81

Crook County, WY
Wyoming Office of State Lands and Investments, July 15, 2020

SOLD

Property Schedule

Due Diligence Began 6/1/2020
Bidding Started 7/8/2020
Bidding Ended 7/15/2020 11:40 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

Parcel #81

Gross Acres:

160.00

Net Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

7/8/2020 10:40 AM MDT / 11:40 AM CDT

End Time:

7/15/2020 10:40 AM MDT / 11:40 AM CDT

Your Bid:

-

Highest Bid:

$101/acre

Starting Bid:

$1/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$16,712.40
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Parcel Details

Parcel No.

Parcel #81

County, State

Crook, WY

Legal Description

T50N, R68W
Sec 35 SW

Gross Acres

160.00

Net Acres

160.00

Stipulation

1, 136, 147

Royalty Rate

16.67%

Rental/Acre (Per Year)

$1.00

WY Advertising Fee

$19.20

WY Application Fee

$50.00

Lease Terms and Conditions

The Wyoming Board of Land Commissioners may deny an oil and gas lease to any person or legal entity which has failed to comply with any rules of the Board or any terms and conditions of any lease or other agreement with the Board.

On lands in which the State owns less than the entire interest in the oil and gas estate, a lease will be issued by the Board covering the State's interest independent of the other co-owners.

The Wyoming Board of Land Commissioners may, without prior notice, withdraw specific lands from leasing for oil and gas when it appears reasonably necessary to protect the economic or environmental interests of the State's trust beneficiaries.

All leases resulting from winning bids will be issued on the lease form currently in effect as approved by the Wyoming Board of Land Commissioners as lessor; will be issued for a primary term of five (5) years; will be charged advance rental of $1.00 per acre per year; and, will be subject to a royalty rate of 16.67% of the total consideration received for state production.

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

Lease Stipulations

The Wyoming Board of Land Commissioners may condition the issuance of any oil and gas lease upon specific stipulations for the protection of the public, the environment, the waters of the State, historical, archeological or paleontological materials, the wildlife resources, or any of the subsurface or surface resources of the State. Summary of stipulations can be found on the attached Standard Stipulation guide.

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, will be added to the cost of this lease.

Wyoming Office of State Lands and Investments Points of Contact

Mineral Leasing Supervisor
Richard Shanor

Email
richard.shanor@wyo.gov

Office
(307) 777-6635


Lands Management Specialist
Dianna L. Wolvin

Email
dianna.wolvin@wyo.gov

Office
(307) 777-6625

EnergyNet Point of Contact

Government Resources
Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #23

7/15/2020 11:38:50 AM

$101

Bidder #19

7/15/2020 8:37 AM

$100

Bidder #23

7/8/2020 5:40:45 PM

$50