CONTRACTREJECTED

Extraction Offers Erie $1.356 Million Mineral Lease

Disclosed value: $1,355,640.00 total bonus; $12,000.00 per net mineral acre; From agendapacket
Document date: Sep 1, 2026

What it covers

Extraction Oil and Gas Inc. offered the Town of Erie a three-year lease for 112.97 net mineral acres, with a potential two-year extension. The proposed lease carried a $1.356 million bonus, a 20% royalty, and expired after the Town could not obtain Council consideration by the deadline.

Who holds it

Extraction Oil & Gas Inc holds this contract with Town of Erie town. Its other public contracts on record include work for Energy & Carbon Management Commission.

What happens next

Term as filed: Primary term of 3 years, with an option to extend for an additional 2 years.

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Contract details

Amount: $1,355,640.00 total bonus; $12,000.00 per net mineral acre
Document date: September 1, 2026
Term: Primary term of 3 years, with an option to extend for an additional 2 years
Vendor: Extraction Oil & Gas Inc
Agency: Town of Erie town
Source document: Town of Erie AgendaPacket Town Council Meeting 2026-09-01 (AgendaPacket)

Extraction Oil & Gas Inc's other public contracts

Energy & Carbon Management Commission, ColoradoExtraction Oil & Gas Variance Application Approved · Sep 9, 2026Undisclosed Town of Erie town, ColoradoErie Considers Extraction Oil Gas Agreement Changes · Aug 25, 2026Undisclosed Town of Erie town, ColoradoErie Considers Repeal of Extraction Agreements · Aug 25, 2026Undisclosed Town of Erie town, ColoradoErie Rejected Proposed Extraction Oil Agreement · Jul 28, 2026Undisclosed Energy & Carbon Management Commission, ColoradoApproval recommended for Extraction Oil & Gas variance · Jul 26, 2026Undisclosed

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Questions about this contract

Who was awarded the government contract by Town of Erie town?

Extraction Oil & Gas Inc was awarded this government contract by Town of Erie town, as recorded on September 1, 2026. The contract value is $1,355,640.00 total bonus; $12,000.00 per net mineral acre.

How much is the Extraction Oil & Gas Inc contract with Town of Erie town worth?

The Extraction Oil & Gas Inc contract with Town of Erie town is valued at $1,355,640.00 total bonus; $12,000.00 per net mineral acre.

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 Town of Erie AgendaPacket Town Council Meeting 2026-09-01 (AgendaPacket), dated September 1, 2026 from Town of Erie town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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