New Mexico State Land Office Oil & Gas Lease Sale FAQs

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 New Mexico State Land Office, 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 us at 866-364-4688.

When is the invoice due?

You are required to submit payment, or confirmation of the initiation of your payment process, to the New Mexico State Land Office by 4:00 PM MT.

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

What are the payment options?

PAYMENT FOR ALL WINNING 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 PARCEL. (“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 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 New Mexico State Land Office Lessee Information Sheet, for each tract won, by 4:00 PM MT. The Lessee Information Sheet will be provided by EnergyNet via email upon close of the auction.

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