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ES-001

Monroe County, OH
BLM Eastern States Federal Lease Sale, March 23, 2017

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-001

Acres:

5.00

Time Remaining:

Auction has ended

Start Time:

3/23/2017 7:00 AM CDT

End Time:

3/23/2017 10:00 AM CDT

Your Bid:

-

Highest Bid:

$1,002/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$5,252.65
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

OHES 058226 ES-001

County, State

Monroe, OH

Legal Description

T2N, R4W, Ohio River Survey Meridian
Sec. 15, Pt NWNE (Part of USFS M-667)

Area/Project

Wayne NF

Acres

5.00

Rental (1st Year)

$7.50

Royalty

12.5%

Administrative Fee

$160.00

Expression of Interest

1635

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:
  • Forest Service Standard Lease Stipulations
  • Lease Special Notification: #1 (Applies to all lands in the Parcel)
  • Lease Notifications: #1, #2, #3, #4, #5 (Applies to all lands in the Parcel)
  • Lease Stipulation: NSO #8 Slopes in excess of 55% (Except T2NR4WS35 Part W2SWSW 0.86 acres)
  • Lease Stipulation: #15 Controlled Surface Use - Riparian areas
  • Lease Stipulation: #17 Controlled Surface Use - Slopes Between 35% and 55%

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Monroe County, Ohio

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Drilling Rigs on location in Monroe County, Ohio

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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

Eastern States Minerals Adjudication
(202) 912-7700
Email: blm_es_bid_form@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 #2

3/23/2017 9:55:14 AM

$1,002

Bidder #1

3/23/2017 9:58:59 AM

$1,001

Bidder #2

3/23/2017 9:55:14 AM

$503

Bidder #1

3/23/2017 9:58:23 AM

$502

Bidder #2

3/23/2017 9:55:14 AM

$152

Bidder #1

3/23/2017 9:56:21 AM

$151

Bidder #2

3/23/2017 9:55:14 AM

$101

Bidder #6

3/23/2017 9:33:25 AM

$100

Bidder #1

3/23/2017 9:48:09 AM

$23

Bidder #6

3/23/2017 9:33:25 AM

$16


View 3 earlier bids...