ES-002
Van Buren County, AR
BLM Eastern States Federal Lease Sale, June 22, 2017
SOLD
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-002
Acres:
120.00
Time Remaining:
Auction has ended
Start Time:
6/22/2017 8:05 AM EDT / 7:05 AM CDT
End Time:
6/22/2017 11:05 AM EDT / 10:05 AM CDT
Your Bid:
-
Highest Bid:
$2/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$583.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T11N, R14W, Fifth Principal Meridian
Sec. 31: E2NE, SWNE
Parcel Details
Parcel
ARES 058263 PD ES-002
County, State
Van Buren, AR
Legal Description
T11N, R14W, Fifth Principal Meridian
Sec. 31: E2NE, SWNE
Acres
120.00
Rental (1st Year)
$180.00
Royalty
12.5%
Administrative Fee
$160.00
Expression of Interest
1046
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.
BLM Stipulations for Cultural Resources and Tribal Consultation, Endangered Species, Sensitive Plant Species, Bats: gray bat, Indiana bat, or northern long-eared bat, and Freshwater Aquatic Habitat.
BLM Lease Notices/Best Practices for Migratory Birds and Federally Listed Wildlife, Perching and Nesting Birds and Bats, Invasive and Non-Native Plant Species and Pesticide Application.
Parcel #: ES-002-06/2017 ARES 058263 PD is fully committed to Communitization Agreement (CA) ARES 056342. The CA operator is SWN Production (Arkansas), LLC: P.O. Box 12359, Spring, TX 77391-2359. In accordance with the regulations in 43 CFR 3101.3,-1 the successful bidder is required to file evidence of having entered into an agreement with the unit (CA) operator for the development and operation of the subject lands under the terms and provisions of the approved Communitization Agreement, before the BLM will issue the lease.
The successful bidder should immediately contact the Operator. In order to join the CA, the operator will give instructions about executing copies of the joinder agreement. Five duplicate originally signed copies of the joinder agreement must be furnished to: Bureau of Land Management - Eastern Stales; Attn. Pamela Griner; 20 M Street, S.E., Suite 950, Washington, D.C. 20003 within 60 days of the sale dale. If more time is required, you must request an extension of time in which to comply. If not submitted within the time allowed, your bid may be subject to rejection.
OFFSET ACTIVITY
Drilling Permits from the last 365 days in Van Buren County, Arkansas
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
6/22/2017 7:10:27 AM
$2
