The Board of County Commissioners of Routt County is seeking proposals to lease oil, gas and other mineral interests owned by Routt County located in or under the land described as follows:
Township 6 North, Range 87 West of the 6th P.M.
Section 19: Lot 4
Section 30: Lot 1
The minimum royalty acceptable is 17 percent. The minimum bonus consideration acceptable is $350 per net mineral acre. The maximum lease term allowable is five years unless production has commenced during the initial five years and is continuing. The primary criteria for award are the predicted current value of payments to Routt County. All parties making proposals are responsible for satisfying themselves of appropriate title status. Routt County will not warrant title to the interests leased.
The above described mineral interests are located within 20,000 feet of the Yampa Valley Regional Airport runway. Any lease entered into by Routt County may be subject to the standards and notification requirements of Federal Regulation Title 14 Part 77 and may be subject to the Routt County Zoning Regulations concerning the Airport Overlay Zone District.
The form of lease to be used and a proposal form are available from the Routt County Attorney's Office, P.O. Box 773598, Steamboat Springs, CO 80477 - (970) 870-5304.
Written proposals should be submitted to the above address and must be received by 4:00 p.m. MST on April 25, 2011. All proposals should be placed in a sealed envelope marked on the outside as "Oil and Gas Lease Proposal." The Board of County Commissioners will make a decision on whether to accept a proposal and award a lease as soon as possible after review of the proposals and staff recommendations. All proposals must include a check payable to the "Routt County Treasurer" in the amount of the bonus consideration due at the time of the signing of the lease as set forth in the proposal. Routt County reserves the right to determine, in its sole discretion, which proposal is most advantageous to Routt County and also reserves the right to reject any or all bids.
Published in The Steamboat Pilot & Today
First Publication: April 10, 2011
Last Publication: April 17, 2011
Published in The Steamboat Pilot & Today First Publication: April 10, 2011 Last Publication: April 17, 2011