LA-2023-06-0028
Caddo Parish, LA
BLM Eastern States Federal Oil & Gas Lease Sale, June 29, 2023
SOLD
SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Parcel:
LA-2023-06-0028
Acres:
40.00
Time Remaining:
Auction has ended
Start Time:
6/29/2023 11:04 AM EDT / 10:04 AM CDT
End Time:
6/29/2023 12:04 PM EDT / 11:04 AM CDT
Your Bid:
-
Highest Bid:
$2,001/acre
Starting Bid:
$10/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$81,545.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T. 18 N., R. 15 W., LOUISIANA MER,
Sec. 2 SWNE;
Parcel Details
Parcel
LA-2023-06-0028
Parish, State
Caddo, LA
Legal Description
T. 18 N., R. 15 W., LOUISIANA MER,
Sec. 2 SWNE;
Acres
40.00
Rental (1st Year)
$120.00
Royalty
16.67%
Administrative Fee
$185.00
Expression of Interest
ES00017269
Comments
Split Estate
Serial Number
LAES105826615
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. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.
The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).
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:
Successful Bidder Notification and Buyer Premium
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 $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $185, to the BLM State Office by the close of business.
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
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #378
6/29/2023 11:03:59 AM
$2,001
Bidder #181
6/29/2023 10:05:01 AM
$2,000
Bidder #959
6/29/2023 11:02:42 AM
$1,500
Bidder #181
6/29/2023 10:05:01 AM
$676
Bidder #959
6/29/2023 11:02:27 AM
$675
Bidder #181
6/29/2023 10:05:01 AM
$552
Bidder #959
6/29/2023 11:02:14 AM
$551
Bidder #181
6/29/2023 10:05:01 AM
$103
Bidder #959
6/29/2023 11:01:58 AM
$102
Bidder #181
6/29/2023 10:05:01 AM
$101