Server Time (CDT): Mar. 28, 5:57:37a

NV-17-03-010

Elko County, NV
BLM Nevada Federal Lease Sale, March 14, 2017

AUCTION CANCELLED

Property Schedule

Due Diligence Began 3/14/2017
Bidding Started 3/14/2017
Bidding Ended 3/14/2017 11:18 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NV-17-03-010

Acres:

1,995.48

Time Remaining:

Auction has ended

Start Time:

3/14/2017 7:18 AM PDT / 9:18 AM CDT

End Time:

3/14/2017 9:18 AM PDT / 11:18 AM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Starting Bid:

$7,205.88
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NV-17-03-010

County, State

Elko, NV

Legal Description

T. 0320N, R. 0520E, 21 MDM, NV
Sec. 022 ALL;
Sec. 024 N2, N2SW, SESW, SE;
Sec. 036 LOTS 1-12;
Sec. 036 N2

Acres

1,995.48

Rental (1st Year)

$2,994.00

Royalty

12.5%

Administrative Fee

$160.00

Comments

Elko DO

Additional Information

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.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
  • NV-E-02-A-TL
  • NV-E-06-A-LN
  • NV-E-06-C-LN
  • NV-E-07-A-LN
  • NV-E-13-A-LN
  • NV-E-15-A-LN
  • NV-E-16-A-NSO
  • NV-E-16-C-TL
  • NV-E-16-H-LN

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.

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 - Nevada

(775) 861-6515
Email: nvsoweb@blm.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(303) 239-3990
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