Server Time (CDT): May 8, 3:10:49p

Tract No. 6; TRMS2628

Weld County, CO
Colorado State Land Board Oil & Gas Lease Sale, May 20, 2021

AUCTION NOT YET STARTED

Registration Status:

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Your Bid Status:

Tract:

Tract No. 6; TRMS2628

Gross Acres:

160.00

Net Acres:

160.00

Time Remaining:

11D 18H 59M 11S

Start Time:

5/13/2021 9:10 AM MDT / 10:10 AM CDT

End Time:

5/20/2021 9:10 AM MDT / 10:10 AM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$0/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$508
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Tract No.

Tract No. 6; TRMS2628

County, State

Weld, CO

Legal Description

T8N, R63W; Sec. 8 NE

Gross Acres

160.00

Net Acres

160.00

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.

Seller Acquisition Agreement(s)

The Colorado State Land Board forms associated with Oil and Gas leasing may be found at https://slb.colorado.gov/lease/oil-gas/.

Lease Stipulations

3. OG STIP 3- 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 Lessorís 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.

D. SWIFT FOX POTENTIAL DENNING HABITAT STIPULATION:

Prior to drilling operations, Lessee must conduct a Swift Fox survey for active den sites. Lessee shall consult with the State Land Board regarding their results prior to drilling operations.

E. MOUNTAIN PLOVER POTENTIAL NEST SITES STIPULATION:

If initial surface disturbance is planned between April 1 - August 15, Lessee must conduct a pre-construction survey for Mountain Plover. Lessee shall consult with the State Land Board regarding their results prior to drilling operations.

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 Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488