NM-2023-05-6801

Eddy County, NM
BLM New Mexico and Kansas Federal Oil & Gas Lease Sale, May 25, 2023

SOLD

Property Schedule

Due Diligence Began 3/20/2023
Bidding Started 5/25/2023
Bidding Ended 5/25/2023 12:04 PM
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NM-2023-05-6801
640.00
Auction has ended
5/25/2023 9:04 AM MDT / 10:04 AM CDT
5/25/2023 11:04 AM MDT / 12:04 PM CDT
-
$2,501/acre
$10/acre
$1
$1,626,754.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
NM-2023-05-6801
County, State
Eddy, NM
Legal Description
Updated 05/24/2023
See Amendment No. 1
T. 18 S., R. 27 E., NEW MEXICO PM,
Sec. 33 ALL;
Acres
640.00
Rental (1st Year)
$1,920.00
Royalty
16.67%
Administrative Fee
$185.00
Expression of Interest
NM00017997
Serial Number
NMNM105821022
Lease Terms and Conditions

All bidding on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $3 per acre for the first 2 years, $5 per acre for years 3 through 8, and $15 per acre thereafter is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 16.75 percent of the value or the amount of production removed or sold from the lease. Other lease terms may be located on the standard lease form (Form 3100-011, March 2023).

Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.
They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • HQ-CR-1 Cultural Resource Protection
  • HQ-MLA-1 Notice to Lessee Concerning Mineral Leasing Act Section 2(a)(2)(A)
  • HQ-TES-1 Threatened and Endangered Species Act
  • SENM-S-17-CSU Slopes & Fragile Soils
  • SENM-S-18-CSU Streams, Rivers, and Floodplains
  • SENM-S-21-CSU Caves and Karst
  • NM-11-LN Special Cultural Resource
  • NM-LN-1 Potential, Suitable, and Occupied Habitat for Special Status Plant Species
  • SENM-LN-1 Potential Cave or Karst Occurrence Area
Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $185, to the BLM State Office by the close of business.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM New Mexico Contact Information
EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #498

5/25/2023 10:04:16 AM

$2,501

Bidder #476

5/25/2023 11:41:20 AM

$2,500

Bidder #498

5/25/2023 10:04:16 AM

$2,001

Bidder #476

5/25/2023 11:13:02 AM

$2,000

Bidder #498

5/25/2023 10:04:16 AM

$1,501

Bidder #476

5/25/2023 11:12:52 AM

$1,500

Bidder #498

5/25/2023 10:04:16 AM

$1,001

Bidder #476

5/25/2023 11:11:15 AM

$1,000

Bidder #498

5/25/2023 10:04:16 AM

$611

Bidder #737

5/25/2023 11:04:39 AM

$610

View 7 earlier bids...

1