NM-2023-11-6809

Lea County, NM
BLM New Mexico and Oklahoma Federal Oil & Gas Lease Sale, November 30, 2023

SOLD

Property Schedule

Due Diligence Began 8/14/2023
Bidding Started 11/30/2023
Bidding Ended 11/30/2023 11:08 AM
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NM-2023-11-6809
84.08
Auction has ended
11/30/2023 8:08 AM MST / 9:08 AM CST
11/30/2023 10:08 AM MST / 11:08 AM CST
-
$20,021/acre
$10/acre
$1
$1,727,761.78
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
NM-2023-11-6809
County, State
Lea, NM
Legal Description
Updated 11/30/2023
See Amendment No. 2
T. 18 S., R. 33 E., NEW MEXICO PRINCIPAL,
Sec. 6 LOTS 5, 6;
Acres
84.08
Rental (1st Year)
$255.00
Royalty
16.67%
Administrative Fee
$195.00
Expression of Interest
NM00018635
Comments
Split Estate
Serial Number
NMNM106309057
Lease Terms and Conditions

All bidding 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. Advance rental at $3 per acre for the first 2 years, $5 per acre for years 3 through 8, and $15 per acre thereafter is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 16.75 percent of the value or the amount of production removed or sold from the lease. Other lease terms may be located on the standard lease form (Form 3100-011, March 2023).

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 TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • SENM-S-17-CSU Slopes & Fragile Soils:
  • SENM-S-18-CSU Streams, Rivers, and Floodplains:
  • SENM-S-22-CSU Lesser Prairie-Chickens:
  • SENM-S-23-CSU Dunes Sagebrush Lizard:
  • 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:
  • NM-11-LN Special Cultural Resource:
  • SENM-LN-2 Dunes Sagebrush Lizard
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.

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

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 $195, to the BLM State Office by the close of business; and
  • Complete the Form 3000-02, (March 2023) and forward to the BLM State Office by the close of business
Contacts

BLM New Mexico State Office
JulieAnn Serrano, Supervisory Land Law Examiner
Email jserrano@blm.gov


EnergyNet Government Resources
Email government@energynet.com
Office (877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #827

11/30/2023 11:07:37 AM

$20,021

Bidder #395

11/30/2023 11:07:59 AM

$20,020

Bidder #827

11/30/2023 11:07:37 AM

$20,002

Bidder #395

11/30/2023 11:07:39 AM

$20,001

Bidder #827

11/30/2023 11:07:37 AM

$10,003

Bidder #348

11/30/2023 11:07:39 AM

$10,002

Bidder #827

11/30/2023 11:07:03 AM

$10,001

Bidder #348

11/30/2023 11:06:35 AM

$10,000

Bidder #868

11/30/2023 11:05:58 AM

$3,600

Bidder #348

11/30/2023 11:05:49 AM

$3,000

View 10 earlier bids...

1