EnergyNet has been chosen by the Colorado State Board of Land Commissioners to conduct the on-line sale of Colorado State Oil and Gas Leases.
HOUSTON, April 2, 2014 /PRNewswire/ --The parcels are currently available for review and due diligence on the EnergyNet website at http://www.energynet.com/govt_listing.pl
The 64 tracts cover more than 31,045 acres in Cheyenne, Jackson, Pueblo, Routt, Weld and Yuma counties, Colorado.
Internet bids can be placed any time between April 10, 2014 and April 17, 2014.
Bidding for the first tract will begin at 10 a.m. CDT on April 10. Subsequent tracts open for bidding in five minute intervals. A two-week due diligence period followed by a seven-day bidding period allows interested parties to research the tracts and place bids.
Lots begin closing at 10 a.m. CDT on April 17. Complete due diligence data is available at http://www.energynet.com/govt_listing.pl
Interested bidders need to register on line at EnergyNet.com prior to bidding.
In addition to this auction, unless announced otherwise, all Colorado lease auctions subsequent to May 15, 2014 will be conducted online through EnergyNet.com.
The Colorado State Board of Land Commissioners was established to manage land and mineral rights given by the federal government to allow the state to generate revenue for public education and institutions.
For information contact John Munroe, EnergyNet vice president of government lease sales, at 713-582-7755.
EnergyNet specializes in Auction, Sealed Bid and Negotiated Sales as well as, Government Lease Sales and is the only continuous oil and gas property marketplace that operates 24/7/365, offering constant liquidity. Selling properties in their lowest definable strategic unit (single well, lease or field) maximizes value by attracting more bidders, thus increasing competition. EnergyNet's real-time marketplace provides exemplary service to sellers and buyers. EnergyNet's 24/7/365 sales provide accurate value assessment in a liquid market by tracking transaction metrics on a consistent and frequent basis, with property sales in every onshore U.S. Basin. Call 877.351.4488 or visit our website: www.energynet.com.
INVESTMENTS IN OIL AND GAS PROPERTIES ARE SPECULATIVE AND INVOLVE SUBSTANTIAL RISK, INCLUDING POSSIBLE LOSS OF PRINCIPAL. THESE RISKS INCLUDE COMMODITY PRICE FLUCTUATIONS AND UNFORESEEN EVENTS THAT MAY AFFECT OIL AND GAS PROPERTY VALUES.
Engineering / State & Federal Leasing