WY-2022-06-1018

Hot Springs County, WY
BLM Wyoming Federal Oil & Gas Lease Sale, June 29-30, 2022

SOLD

Property Schedule

Due Diligence Began 4/20/2022
Bidding Started 6/29/2022
Bidding Ended 6/29/2022 12:22 PM
Please log in as a buyer to view registration status.
You have not bid on this lot
WY-2022-06-1018
280.00
Auction has ended
6/29/2022 10:22 AM MDT / 11:22 AM CDT
6/29/2022 11:22 AM MDT / 12:22 PM CDT
-
$2/acre
$2/acre
$1
$1,163.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
WY-2022-06-1018
County, State
Hot Springs, WY
Legal Description
T. 43 N., R. 93 W., 6TH PM
Sec. 28 E1/2SW1/4, SW1/4SW1/4,W1/2SE1/4;
Sec. 33 N1/2NW1/4.
Acres
280.00
Rental (1st Year)
$420.00
Royalty
18.75%
Administrative Fee
$175.00
Expression of Interest
WY00016395
Serial Number
WYWY105294689
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 18.75 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:

  • WY Std Lease Stipulation No. 1 Historic Properties:
  • WY Std Lease Stipulation No. 2 Endangered Species Act Section 7 Consultation Stipulation:
  • WY Std Lease Stipulation No. 3 Multiple Mineral Development:
  • WY WFO_CSU_CR Cultural Resources (cultural and scenic values of important cultural sites):
  • WY Std Lease Notice 1041 Water Monitoring Plans:
  • WY Std Lease Notice No. 1 Reasonable Measures to Minimize Adverse Impacts to Resources:
  • WY Std Lease Notice No. 2 National Historic Trails:
  • WY Std Lease Notice No. 3 Greater Sage-Grouse Habitat:
  • WY Std Notice to Lessee Attachment to Each Lease. Mineral Leasing Act requirements with respect to coal leasing
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 $175, 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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #467

6/29/2022 12:08:45 PM

$2

1