NM-201806-010

Woodward County, OK
BLM Oklahoma, Kansas and Texas Lease Sale (NMSO), June 7, 2018

SOLD

Property Schedule

Due Diligence Began 4/23/2018
Bidding Started 6/7/2018
Bidding Ended 6/7/2018 11:18 AM
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NM-201806-010
40.00
Auction has ended
6/7/2018 8:18 AM MDT / 9:18 AM CDT
6/7/2018 10:18 AM MDT / 11:18 AM CDT
-
$301/acre
$2/acre
$1
$12,440.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
NM-201806-010
County, State
Woodward, OK
Legal Description
T.0210N, R.0170W, 17 PM, OK
Sec. 030 NESW;
Area/Project
Tulsa FO
Acres
40.00
Rental (1st Year)
$60.00
Royalty
12.5%
Administrative Fee
$160.00
Comments
Oklahoma Public Domain
Additional Information

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).

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.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
  • ORA-1-CSU Floodplain Protection
  • ORA-2-CSU Wetland/Riparian
  • ORA-3 Season of Use Stipulation
  • NM-11-LN Special Cultural Resource
  • WO-ESA-7 Endangered Species Act
  • WO-NHPA Cultural Res & Tribal Cons

OFFSET ACTIVITY

Completions from the last 365 days in Woodward County, Oklahoma

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Drilling Permits from the last 365 days in Woodward County, Oklahoma

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Drilling Rigs on location in Woodward County, Oklahoma

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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 $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $160, 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.


CONTACT INFORMATION


BLM - New Mexico

Email: blm_nm_leasesale@blm.gov

EnergyNet

Gus Rivero
VP of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
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


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #19

6/7/2018 11:17:23 AM

$301

Bidder #15

6/7/2018 11:17:49 AM

$300

Bidder #19

6/7/2018 11:17:23 AM

$251

Bidder #18

6/7/2018 11:17:42 AM

$250

Bidder #19

6/7/2018 11:17:23 AM

$201

Bidder #18

6/7/2018 10:52:43 AM

$200

Bidder #3

6/7/2018 10:58:33 AM

$20

Bidder #18

6/7/2018 10:52:43 AM

$11

Bidder #3

6/7/2018 9:21:09 AM

$10

1