Thornton Receives Oil and Gas Lease Offer from Bayswater

The City of Thornton has received a lease offer from Bayswater Exploration and Production LLC for its oil and gas mineral rights in Weld County, with a $122,500 lease bonus and approximately $400,000 in royalties over five years. This three-year lease would allow the city to collect revenue from energy development on city-owned land. Council is reviewing the proposal prior to any approval.

Scope & details

The full contract record, as filed.

Contract amount

$122,500 lease bonus plus approximately $400,000 royalty income over five years

Contract type

OTHER

Contract term

3 years (lease), royalties paid as well produces

Renewal date

2028-01-07

Renewal

Historically, similar leases have run for three years; prior leases have been executed with various oil companies since 2011. The lease is a new engagement for the specific minerals.

Document type

AgendaPacket

Source document

City of Thornton Planning Session Agenda Packet January 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Thornton city?

Bayswater Exploration & Production Llc was awarded this government contract by City of Thornton city, as recorded on January 7, 2025. The contract value is $122,500 lease bonus plus approximately $400,000 royalty income over five years.

How much is the Bayswater Exploration & Production Llc contract with City of Thornton city worth?

The Bayswater Exploration & Production Llc contract with City of Thornton city is valued at $122,500 lease bonus plus approximately $400,000 royalty income over five years.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Thornton Planning Session Agenda Packet January 2025 (AgendaPacket), dated January 7, 2025 from City of Thornton city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bayswater Exploration & Production Llc hold?

Bayswater Exploration & Production Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bayswater Exploration & Production Llc's profile

What is City of Thornton city currently buying?

Explore City of Thornton city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Thornton city's profile

Thornton Receives Oil and Gas Lease Offer from Bayswater

Scope & details

Related contracts

Frequently asked questions

Who was awarded the government contract by City of Thornton city?

How much is the Bayswater Exploration & Production Llc contract with City of Thornton city worth?

What type of contract is this?

Where was this contract approved?

What other contracts does Bayswater Exploration & Production Llc hold?

What is City of Thornton city currently buying?

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