Does anyone know what the going rate for leases is in Weld County, CO T6 & 7N - R61 W would be as of this date?
Abdul said:
We leased about 400 acres in 9N64W a few weeks ago. From recent Weld County minutes it appears we settled about 20% too low.
Our water agent had suggested $200/acre and 20% and he was right on target.
We went with a local owner/landman/nieghbor because of his long local history of surface protection.
Weld County OIL & GAS LEASE BID TABULATIONS - May 03, 2010
Royalty was 20%.
http://www.co.weld.co.us/departments/Purchasing/CurrentRequests/Oil…
#1 SE¼ Section 8, Township 8N, and Range 64W containing 160.00 acres
$600/acre by Hoover and Stacy
#2 SE¼ Section 24, Township 8N, and Range 64W containing 160.00 acres
$600/acre by Hoover and Stacy
#3 SE¼ SE¼ Section 25, Township 9N, and Range 64W containing 40.00
$75.00/acre by Bold Resources
#4 S½ NE¼ Section 30, Township 9N, and Range 64W containing 80.00
$250/acre by Dwyer of Bold Resources
#5 S½ NW¼ Section 30, Township 9N, and Range 64W containing 80.34
$250/acre by Dwyer of Bold Resources
#6 ALL (in Colorado) Section 14, Township 12N, and Range 64W containing 22.07 acres
$114/acre by Bold Resources
#7 Lot 3, NE¼ SW¼ Section 31, Township 12N, and Range 64W containing 81.37 acres
$607/acrea by Hoover and Stacy
#8 NW¼ Section 6, Township 8N, and Range 65W containing 160.00
$570.00/acre by Eagle Land Services
#9 Tract in the NW¼ Sec 30, Twnsp 8N, and Range 65W containing 7.56
$705/acres by Hoover and Stacy
#10 SW¼ SE¼ Section 18, Twnsp 9N, and Range 65W containing 40.00
$513/acre by Hoover and Stacy
#11 SW¼ Section 33, Township 9N, and Range 65W containing 160.00
$302/acre by Bold Resources
#12 W½ SE¼ Section 28, Township 11N, and Range 65W containing 80.00
$875/acre by Eagle Land
25-10N-64W (320 acres) $305/acre by Hannon and Associates on 03/31/10
Wyoming (similar geologic area) is receiving 16 2/3 or 12 1/2 percent on its lease auctions.
http://oilshalegas.com/niobrarashale.html
Geological Map
May you have peace and prosper.