Property Information

NM-201909-016

Coal County, OK

BLM New Mexico, Oklahoma and Kansas Federal Lease Sale, September 5, 2019

SOLD

Property Schedule

Due Diligence Began 7/8/2019

Bidding Started 9/5/2019

Bidding Ended 9/5/2019 11:28 AM

Registration Status

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Your Bid Status

You have not bid on this lot

Parcel

NM-201909-016

Acres

5.96

Time Remaining

Auction has ended

Start Time

9/5/2019 8:28 AM MDT / 9:28 AM CDT

End Time

9/5/2019 10:28 AM MDT / 11:28 AM CDT

Your Bid

Highest Bid

$2/acre

Starting Bid

$2/acre

Bid Increment

Total Cost at Highest Bid

$186.18

(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description

UPDATED 08/23/2019
See Amendment Notice 1
T.0010N, R.0100E, 17 PM, OK
Sec. 024 LOTS 13,27;

Parcel Details

Parcel

NM-201909-016

County, State

Coal, OK

Legal Description

UPDATED 08/23/2019
See Amendment Notice 1
T.0010N, R.0100E, 17 PM, OK
Sec. 024 LOTS 13,27;

Area/Project

Tulsa FO

Acres

5.96

Rental (1st Year)

$9.00

Royalty

12.50%

Administrative Fee

$165.00

Comments

OKLAHOMA PUBLIC DOMAIN
Formerly Lease No. OKNM 57551

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. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

NM-10 Drainage
NM-11-LN Special Cultural Resource
ORA-2-CSU Wetland/Riparian
WO-ESA-7 Endangered Species Act
WO-NHPA National Register of Historic Places

NOTE

The lease has been identified to be above historic, underground, Abandoned Mines (AMs) and/or their workings. Areas within the lease where vertical drilling is proposed to take place may not be authorized or drilling techniques may need to be altered or modified based on the features of the AMs and/or their workings. In addition, lease notice, NM-8-LN, Coal Protection, is attached to the lease. The notice states that operations may be altered or modified by the authorized officer in order to conserve and protect the federal coal resources while providing for simultaneous operations.

Offset Activity

PDF

Coal Co. Completions (Last 365 Days) (pdf)

PDF

Coal Co. Permits (Last 365 Days) (pdf)

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 $165, to the BLM State Office by the close of business.