Tract No. 16; TRMS2705

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.

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

Any Colorado State Land Board lease obtained at the February 2022 Lease Auction will be issued electronically via DocuSign for signature. If you have any questions on this process, please contact Sherry Lee at 303-866-3454 x 3322 or sherry.lee@state.co.us.

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 Lessor’s 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.

H.A.3. ELK WINTER CONCENTRATION AREA AND SEVERE WINTER RANGE STIPULATION:

This lease falls within mapped Elk Winter Concentration Area and Severe Winter Range. CPW recommends No Surface Occupancy (NSO) between December 1 - April 30 to protect winter habitat area. CPW recommends a surface density limitation of 1 pad per square mile (640 acres). Lessee shall consult with the State Land Board prior to APD or surface disturbance, whichever occurs first, to discuss best management practices and potential habitat mitigation requirements.

K.3. GREATER SAGE-GROUSE GENERAL HABITAT MANAGEMENT AREA:

This lease falls within mapped Greater Sage-grouse General Habitat Management Area habitat and is subject to the State Land Board’s Stewardship Action Plan for the Greater Sage-grouse. Lessee shall consult with the State Land Board prior to APD to determine best management practices to address Greater Sage-grouse concerns.

K.A.3. GREATER SAGE-GROUSE ACTIVE LEK SITES STIPULATION:

This lease falls within 1 mile of an active Greater Sage-grouse lek site and is subject to the State Land Board’s Stewardship Action Plan for the Greater Sage-grouse. CPW recommends No Surface Occupancy (NSO) for all areas within 1 mile of a lek site. Lessee shall consult with the State Land Board prior to APD to determine best management practices to address Greater Sage-grouse concerns.

K.B.3. GREATER SAGE-GROUSE PRIORITY HABITAT MANAGEMENT AREA STIPULATION:

This lease falls within mapped Greater Sage-grouse Priority Habitat Management Area habitat and is subject to the State Land Board’s Stewardship Action Plan for the Greater Sage-grouse. Greater Sage-grouse Priority Habitat Management Area habitat has a recommendation of No Surface Occupancy (NSO) under the Stewardship Action Plan and by CPW. Lessee shall consult with the State Land Board prior to APD or surface disturbance, whichever occurs first, to discuss best management practices, submit and obtain approval of a mitigation plan for any surface disturbance benefiting this lease and seasonal timing restrictions are required.

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.

A 2% Buyer Premium, calculated as 2% of the total bonus plus rental, will be added to the cost of this lease.

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

Government Resources

Email
government@energynet.com

Office
(877) 351-4488