Server Time (CDT): May 13, 10:10:27p

MT-2024-04-0408

Liberty County, MT
BLM Montana-Dakotas Federal Oil & Gas Lease Sale, April 30, 2024

AUCTION CANCELLED

Property Schedule

Due Diligence Began 2/13/2024
Bidding Started 4/30/2024
Bidding Ended 4/30/2024 10:18 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

MT-2024-04-0408

Acres:

146.00

Time Remaining:

Auction has ended

Start Time:

4/30/2024 8:18 AM MDT / 9:18 AM CDT

End Time:

4/30/2024 9:18 AM MDT / 10:18 AM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$10/acre

Bid Increment:

$1

Total Cost at Starting Bid:

$2,114.90
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

MT-2024-04-0408

County, State

Liberty, MT

Legal Description

T. 36 N., R. 6 E., MONTANA PRINCIPAL,
Sec. 17 W2SW;
Sec. 18 LOTS 4, SESW;

Acres

146.00

Rental (1st Year)

$438.00

Royalty

16.67%

Administrative Fee

$195.00

Expression of Interest

MT00018609: MT00018608

Comments

Split Estate

Serial Number

MTMT106352685

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 TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • Standard 16-3 Oil And Gas Lease Stipulations
  • CSU 12-25 Riparian, Wetlands
    For the following lands: T. 36 N., R. 6 E., MONTANA PRINCIPAL, Sec. 17 SWSW
  • Sec. 18 LOTS 4, SESW
  • CSU 12-62 Soils - Sensitive Soils
  • 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
  • LN 14-12 Paleontological Resource Inventory Requirement
  • LN 14-18 Air Resource Analysis
  • LN 14-20 Migratory Bird Treaty Act
  • LN 14-39 Raptors
  • NSO 11-70 Streams, Waterbodies, Riparian, Wetland, And Floodplains

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 $195, 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.

Contacts

BLM Montana
Email BLM_MT_Fluids_Sales@blm.gov


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