NM-2023-11-6807
SOLD
Property Schedule
Parcel Details
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-22-CSU Lesser Prairie-Chickens:
- 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
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 #868
11/30/2023 11:10 AM
$118
Bidder #324
11/30/2023 11:09:58 AM
$117