Server Time (CDT): May 2, 12:02:20a

MI-2023-06-0008

Kalamazoo County, MI
BLM Eastern States Federal Oil & Gas Lease Sale, June 29, 2023

SOLD

Property Schedule

Due Diligence Began 5/15/2023
Bidding Started 6/29/2023
Bidding Ended 6/29/2023 11:06 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

MI-2023-06-0008

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

6/29/2023 11:06 AM EDT / 10:06 AM CDT

End Time:

6/29/2023 12:06 PM EDT / 11:06 AM CDT

Your Bid:

-

Highest Bid:

$14/acre

Starting Bid:

$10/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$873.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

MI-2023-06-0008

County, State

Kalamazoo, MI

Legal Description

T. 3 S., R. 9 W., MICHIGAN MER,
Sec. 21 W2W2SE;
Mineral Interest 50%

Acres

40.00

Rental (1st Year)

$120.00

Royalty

16.67%

Administrative Fee

$185.00

Expression of Interest

ES00002496

Comments

Split Estate

Serial Number

MIES105826616

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:

  • HQ-CR-1 Cultural Resource Protection
  • HQ-MLA-1 Notice to Lessee Concerning Mineral Leasing Act Section 2(a)(2)(A)
  • HQ-TES-1 Threatened and Endangered Species Act
  • MI-NSO-01 Wetlands

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

Northeastern States District Office

Email
kwadzins@blm.gov

Office
(414) 297-4400

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #704

6/29/2023 10:25:31 AM

$14

Bidder #32

6/29/2023 10:30:45 AM

$13

Bidder #704

6/29/2023 10:25:31 AM

$12

Bidder #32

6/29/2023 10:30:04 AM

$11

Bidder #704

6/29/2023 10:25:31 AM

$10