AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Parcel:
Parcel #44
Lithium
Gross Acres:
640.00
Net Acres:
640.00
Time Remaining:
Auction has ended
Start Time:
4/11/2018 9:00 AM MDT / 10:00 AM CDT
End Time:
4/18/2018 9:00 AM MDT / 10:00 AM CDT
Minimum Bid:
$5,000
Total Parcel Cost at Minimum Bid:
$5,350
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T24S, R20W
Sec. 33: ALL
Parcel Details
Parcel Name
Parcel #44
Lithium
County, State
Hidalgo, NM
Description
T24S, R20W
Sec. 33: ALL
Net Acres
640.00
Gross Acres
640.00
Royalty
4% - Based on Gross Returns
Lease Term
15 Years or Held by Production Indefinitely (See Rule 2)
Application Fee
$250.00
Rental/Acre (Per Year)
$1.00
Additional Information
LEASE TERMS AND CONDITIONS
All bidding and lease sales on NMSLO 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.
PAYMENT FOR ALL WINNING ONLINE LEASES SHALL BE MADE THE DAY OF THE SALE BY WIRE TRANSFER OR IN-PERSON AT THE NEW MEXICO STATE LAND OFFICE for all bonus, rentals and application fees. LATE PAYMENTS WILL BE REJECTED AND NO LEASE WILL BE ISSUED FOR THAT TRACT.
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.
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
Jack Yates
Minerals Manager
Oil, Gas and Minerals Division
(505) 827-5750
Email: jyates@slo.state.nm.us
EnergyNet
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Assistant Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com