ND-2023-12-6847
SOLD
Property Schedule
Sec. 8 S2SW, S2SE;
Mineral Interest 50%
Parcel Details
Sec. 8 S2SW, S2SE;
Mineral Interest 50%
Lease Terms and Conditions
All bidding and lease sale 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. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.
The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).
Lease 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:
- Standard 16-3 Standard Oil and Gas Lease Stipulations
- CSU 12-5 Riparian Areas of Wetlands, Streams, and Rivers
- 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
- LN 14-2 Cultural Resources
- LN 14-12 Paleontological Resource Inventory Requirement
- LN 14-18 Air Resource Analysis
- LN 14-20 Migratory Bird Treaty Act
- LN 14-33 Cultural Inventory Requirement
- NSO 11-33 Wetlands, Lakes, and Ponds
Offset Activity
Successful Bidder Notification and Buyer Premium
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 $195, to the BLM State Office by the close of business.
A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.
Contacts
BLM Montana
Email BLM_MT_Fluids_Sales@blm.gov
EnergyNet
Government Resources
Email government@energynet.com
Phone (877) 351-4488
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #537
12/5/2023 9:05:12 AM
$10