Server Time (CDT): Sep. 15, 8:57:21p

ES-004

Scott County, MS
BLM Eastern States Lease Sale, September 20, 2016

AUCTION SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

ES-004

Acres:

280.73

Time Remaining:

Auction has ended

Start Time:

9/20/2016 8:45 AM CDT

End Time:

9/20/2016 11:45 AM CDT

Your Bid:

-

Highest Bid:

$6/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$2,292.79
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

ES-004-09/2016 MSES 058151 ACQ

County, State

Scott, MS

Legal Description

T5N, R9E, Choctaw Meridian
Sec. 10, N2NE, SWNE, NENW, NWNW, N2SWNW, E2SE less South 20 acres as follows: Beginning at a point on the line dividing the E2SE & W2SE of said section, 9.98 chains north of SW corner of SESE, East 20.05 chains, South 9.98 chains, West 20.05 chains, North to point of beginning.

Area/Project

Bienville NF

Acres

280.73

Rental (1st Year)

$421.50

Royalty

12.5

Administrative Fee

$160.00

Expression of Interest

1536

Additional Information

UPDATE 09/19/2016

These parcels received protests and BLM subsequently resolved them on September 19, 2016. For further information on protests, see 43 C.F.R. 3120.

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. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

Q' s & A's About Oil and Gas Leasing from the BLM may be found at http://www.blm.gov/wo/st/en/prog/energy/oil_and_gas/questions_and_answers.html

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. The stipulations can be found by clicking here.

Subject to Forest Service Notice to Lessee 3, 4 and 5, and Timing Limitation Stipulation 1
Subject to Standard Forest Service Stipulation for Mississippi and Forest Service Lease Notice 6.

GIS DATA

GIS data in the form of a shapefile is available for this lease sale. Click here to download.

Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither the Bureau of Land Management nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Scott County, Mississippi

Click here to view full screen
Click here to view full screen

SUCCESSFUL BIDDER NOTIFICATION

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

BUYER PREMIUM

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


CONTACT INFORMATION


BLM - Eastern States

Elena Fink
Deputy State Director, Natural Resources
Bureau of Land Management, Eastern States
(202) 912-7730
Email: efink@blm.gov

Jully McQuilliams
Senior Mineral Leasing Specialist
Fluid Minerals Division
(202) 912-7156
Email: jmcquilliams@blm.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #4

9/20/2016 11:44:57 AM

$6

Bidder #3

9/20/2016 11:42:04 AM

$5

Bidder #7

9/20/2016 11:40:03 AM

$4