SOLD
Registration Status:
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Your Bid Status:
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Tract:
008 VB-006
Gross Acres:
320.00
Net Acres:
320.00
Time Remaining:
Auction has ended
Start Time:
9/13/2016 8:02 AM MDT / 9:02 AM CDT
End Time:
9/20/2016 8:02 AM MDT / 9:02 AM CDT
Your Bid:
-
Highest Bid:
$260,100
Starting Bid:
$10,000
Bid Increment:
$100
Total Cost at Highest Bid:
$265,395.60
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T16S, R33E
Sec. 17: N2
Tract Details
Tract No.
008 VB-006
County, State
Lea, NM
Description
T16S, R33E
Sec. 17: N2
Net Acres
320.00
Gross Acres
320.00
Rental/Acre (Per Year)
$1.00
Royalty
3/16th
Lease Term
5 Years
Application Fee
$100.00
Additional Information
LEASE TERMS AND CONDITIONS
All bidding and lease sales on NLSLA properties listed on this website shall be subject to the statutes, administrative rules, and other laws of the State of New Mexico, including but not limited to New Mexico Law 1929, Chapter 125, Section B, as amended, and rules and regulations of the State Land Office
Purchase price includes the lease bonus and 1st year rental: Your bid on a 320 acre tract may be $10,000; if the rental rate on that tract is $1/acre, SLO will apply $320 of your $10,000 to the first yearâs rental.
PAYMENT SHALL BE MADE BY WIRE TRANSER PAYMENT WITHIN 48 HOURS OF THE CLOSE OF THE SALE DIRECTLY TO THE NEW MEXICO STATE TREASURER/COMMISSIONER OF PUBLIC LANDS for all bonus, rentals and application fees. The Buyerâs Premium will be paid separately to EnergyNet also by wire transfer payment. The successful bidder will be provided by email from EnergyNet, complete wire transfer payment and closing instructions, including invoices for all funds due at the close of the sale.
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 New Mexico State Land Office 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.
OFFSET ACTIVITY
Drilling Permits from the last 180 days in Lea County, New Mexico
Drilling Rig on Location in Lea County, New Mexico
Completions from the last 365 days in Lea County, New Mexico
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 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.
CONTACT INFORMATION
NMSLO
Stephen L. Wust, Ph.D.
Chief Geologist
Oil, Gas and Minerals Division
(505) 827-5774
Email: swust@slo.state.nm.us
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 #12
9/20/2016 9:00:50 AM
$260,100
Bidder #8
9/20/2016 9:01:48 AM
$260,000
Bidder #12
9/20/2016 8:35:39 AM
$257,100
Bidder #8
9/20/2016 8:33:39 AM
$257,000
Bidder #12
9/20/2016 8:07:47 AM
$256,000
Bidder #16
9/20/2016 8:26:19 AM
$32,000
Bidder #12
9/20/2016 8:07:47 AM
$15,400
Bidder #28
9/19/2016 5:01:47 PM
$15,300
Bidder #12
9/19/2016 5:51:07 PM
$15,200
Bidder #28
9/19/2016 5:01:47 PM
$15,100