SOLD
Registration Status:
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Your Bid Status:
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Parcel:
ES-001
Acres:
184.00
Time Remaining:
Auction has ended
Start Time:
9/20/2016 9:30 AM EDT / 8:30 AM CDT
End Time:
9/20/2016 12:30 PM EDT / 11:30 AM CDT
Your Bid:
-
Highest Bid:
$15/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$3,237.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
UPDATED 07/25/2016
US Tract No. 306
Parcel Details
Parcel
ES-001-09/2016 KYES 058148 ACQ
County, State
Union, KY
Legal Description
UPDATED 07/25/2016
US Tract No. 306
Area/Project
J.T. Myers Locks and Dam Project, Corps of Engineers
Acres
184.00
Rental (1st Year)
$276.00
Royalty
12.5
Administrative Fee
$160.00
Expression of Interest
404
Additional Information
These parcels received protests and BLM subsequently resolved them on September 19, 2016. For further information on protests, see 43 C.F.R. 3120.
For parcel ES-001-09/2016, the correct Federal mineral interest is 2/168, equal to 1.2 percent. The project is managed by the Louisville District Corps of Engineers. Click here to view the Errata 1 Notice.
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. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).
Q' s & A's About Oil and Gas Leasing from the BLM may be found at: http://www.blm.gov/wo/st/en/prog/energy/oil_and_gas/questions_and_answers.html
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. The stipulations can be found by clicking here.
BLM Lease Stipulations and Notices and Corps of Engineers Special Leasehold Stipulations
GIS DATA
GIS data in the form of a shapefile is available for this lease sale. Click here to download.
Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither the Bureau of Land Management nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.
SUCCESSFUL BIDDER NOTIFICATION
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
BUYER PREMIUM
A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.
CONTACT INFORMATION
BLM - Eastern States
Elena Fink
Deputy State Director, Natural Resources
Bureau of Land Management, Eastern States
(202) 912-7730
Email: efink@blm.gov
Jully McQuilliams
Senior Mineral Leasing Specialist
Fluid Minerals Division
(202) 912-7156
Email: jmcquilliams@blm.gov
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #4
9/20/2016 11:29:58 AM
$15
Bidder #6
9/20/2016 11:23:58 AM
$14
Bidder #4
9/20/2016 8:35 AM
$10
Bidder #6
9/20/2016 11:15:28 AM
$9
Bidder #4
9/20/2016 8:35 AM
$8
Bidder #6
9/20/2016 11:15:11 AM
$7
Bidder #4
9/20/2016 8:35 AM
$6
Bidder #6
9/20/2016 11:14:51 AM
$5
Bidder #4
9/20/2016 8:35 AM
$4
Bidder #6
9/20/2016 11:14:26 AM
$3