MS-2020-03-0110
Serial: MSES059539

Smith County, MS
BLM Eastern States Federal Lease Sale, March 19, 2020

SOLD

Property Schedule

Due Diligence Began 2/4/2020
Bidding Started 3/19/2020
Bidding Ended 3/19/2020 10:00 AM
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MS-2020-03-0110
Serial: MSES059539
226.85
Auction has ended
3/19/2020 8:00 AM EDT / 7:00 AM CDT
3/19/2020 11:00 AM EDT / 10:00 AM CDT
-
$5/acre
$2/acre
$1
$1,662.53
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
MS-2020-03-0110 / Serial: MSES059539
County, State
Smith, MS
Legal Description
MS T0030N, R0060E, CHOCTAW MERIDIAN - 10 PM
Section: 034, Lot 8;
Section: 035, SWSE, S1/2SW, S1/2NESW, and NWSW excepting the N. 10 acres;
Section: 036, NWSW excepting the N. 10 acres.
Area/Project
BIENVILLE NF
Acres
226.85
Rental (1st Year)
$340.50
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
EOI #ES00001851 (Part A)
Comments
ACQ
FS Parcel #: BNF-0030N-0060E-0001
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 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 Eastern States Contact Information

Email
blm_es_bid_form@blm.gov

Phone
(202) 912-7700

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #1

3/19/2020 9:59:58 AM

$5

Bidder #4

3/19/2020 9:59:13 AM

$4

1