What are some of the recent changes for 2022 Lease Sales?
Some of the highlighted changes for 2022 Lease Sales include a revised royalty rate from 12.5% to 18.75%, and an increase in BLM's Administrative Fee from $170.00 to $175.00.
For more information on the changes, please see the US Department of the Interior's Press Release of April 15, 2022 here, and refer to the Sale Notice for your sale of interest.
When will I receive the invoice for the parcels I won?
Approximately 30 minutes to an hour after the last parcel closes, you will receive an email containing the invoice showing the total amount owed to the BLM, and a separate email containing the invoice showing the total amount owed to EnergyNet. If you do not receive the emails within one hour, please call EnergyNet at 877-351-4488.
When is the invoice 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 to the BLM State Office by the close of business (4:00 PM Mountain Time). Any remaining balance is due 10 business days from the close of the auction.
The buyer premium is due within 2 business days to EnergyNet.
What are the payment options?
Remittance to the BLM may be made by wire transfer, ACH, or Credit Card. Full remittance instructions will be sent with the invoice.
Remittance to EnergyNet may be made by wire transfer or overnighted cashier's check. Full remittance instructions appear on the invoice.
What if the payer is different than the bidder?
If the payer differs from the bidder, simply reference the parcel information with the payment.
What if the bidder name is different from the entity that will hold the lease?
If the name for the leases will be different from the bidder name, please designate the appropriate Lessee Name on the BLM Enhanced Bidder Registration Form during the sale Registration process, as well as Form 3000-2 if you are the successful bidder.
Where can I find more information about the Nomination process?
Where do I find out more about placing bids?
Visit the EnergyNet YouTube page to view a video on Bidding Practices and Tips. https://youtu.be/DPZM0S1smBE
If you have questions, you may contact the Government Resources Team at email@example.com.