Are there registration requirements to conduct business with the State of New Mexico?

Bidders must be registered with the New Mexico Secretary of State and be bonded. Additionally, bidders must have an Oil and Gas Remittance Identifier (OGRID) prior to lease issuance. More information on obtaining an OGRID can be found at https://www.nmstatelands.org/divisions/oil-gas-and-minerals/oil-and-gas/faqs-oil-and-gas/ or by contacting the New Mexico State Land Office at 505-827-5760.

When will I receive the invoice for the tracts I won?

Within an hour after the sealed bid sale ends, an invoice will be sent by EnergyNet to the successful bidder via email for each tract won and the amount due to the New Mexico State Land Office. A separate email will be sent containing the invoice for the amount owed to EnergyNet. Invoices are also available on the Buyer's Homepage. Please call EnergyNet at 866-364-4688 if an email is not received within one (1) hour following the sale.

When is the invoice due?

Payment, or confirmation of the payment initiation, must be submitted to the New Mexico State Land Office by 4:00 PM MT.

The buyer premium is due within two (2) business days to EnergyNet.

What are the payment options?

Payment for all successful online leases shall be made the day of the sale by wire transfer or in-person at the New Mexico State Land Office by cash, check, money order, certified check, or electronic transfer on a solvent bank.

All wire payments shall be made by Fedwire Deposit and the tract number(s) must be referenced on the wire. Please see the invoice for instructions.

Late payments will be rejected, and no lease will be issued for that tract. (The successful bidders shall file proper applications for the leases purchased and shall complete the payment of any balance due on their bids before the closing of the office of the commissioner on the day of the sale. 19-10-17 NMSA 1978)

Remittance to EnergyNet may be made by wire transfer, automated clearing house (ACH), 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 tract information with the payment.

What if the bidder's name is different from the entity that will hold the lease?

If the lessee's name will be different from the bidder's name, please designate the appropriate Lessee Name on the New Mexico State Land Office Lessee Information Sheet, for each tract won, by 4:00 PM MT. The Lessee Information Sheet will be included with the invoice.

When will I receive my Lease documents?

The New Mexico State Land Office processes and issues the lease documents directly. The general timeframe is 5 - 7 business days following the sale. The effective date of the lease is the first day of the month following the sale.

Where can I find more information about the Nomination process?

Click Here to View Government Agency Nomination Information

Where do I find out more about placing bids?

Visit the EnergyNet YouTube page to view a video on Bidding Practices and Tips.

Contact the Government Resources Team with any questions at government@energynet.com or (877) 351-4488.