Parcel #: MS-2019-12-0360
Serial #: MSES059515

Franklin County, MS
BLM Eastern States Federal Lease Sale, December 12, 2019

SOLD

Property Schedule

Due Diligence Began 10/28/2019
Bidding Started 12/12/2019
Bidding Ended 12/12/2019 10:24 AM
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Parcel #: MS-2019-12-0360
Serial #: MSES059515
440.44
Auction has ended
12/12/2019 8:24 AM EST / 7:24 AM CST
12/12/2019 11:24 AM EST / 10:24 AM CST
-
$2/acre
$2/acre
$1
$1,726.73
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
Parcel #: MS-2019-12-0360 / Serial #: MSES059515
County, State
Franklin, MS
Legal Description
MS T0050N, R0020E, WASHINGTON MER - 32 PM
Section: 023 S2NE, W2, SWSE.
Area/Project
HOMOCHITTO NF
Acres
440.44
Rental (1st Year)
$661.50
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
ES00002027 (2118A)
Comments
ACQ
FS Parcel #: HCF-0050N-0020E-0007
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 PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

Stipulation for Lands of the National Forest System under Jurisdiction of Department of Agriculture

Timing Limitation Stipulation - Soil Erosion/Rutting

Controlled Surface Use Stipulation - High Erosion Hazard/Steep Slopes/High Susceptibility to Wetness

Lease Notice - Threatened, Endangered, or Sensitive Species

Lease Notice - Wetlands/Floodplains

Lease Notice - Slopes greater than 15%

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 $170, 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.

BLM Wyoming Contact Information
EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #3

12/12/2019 10:23:57 AM

$2

1