NM-201712-007

Lea County, NM
BLM New Mexico Federal Lease Sale, December 7, 2017

SOLD

Property Schedule

Due Diligence Began 9/12/2017
Bidding Started 12/7/2017
Bidding Ended 12/7/2017 12:12 PM
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NM-201712-007
1,264.15
Auction has ended
12/7/2017 9:12 AM MST / 10:12 AM CST
12/7/2017 11:12 AM MST / 12:12 PM CST
-
$20,009/acre
$2/acre
$1
$25,693,113.28
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
NM-201712-007
County, State
Lea, NM
Legal Description
T.0260S, R.0360E, 23 PM, NM
Sec. 029 ALL;
Sec. 030 LOTS 1-4;
Sec. 030 NENE,W2NE,E2W2;
Sec. 031 LOTS 1-4;
Sec. 031 NENW;
Area/Project
Carlsbad FO
Acres
1,264.15
Rental (1st Year)
$1,897.50
Royalty
12.5%
Administrative Fee
$160.00
Comments
NMNM 101618, NMNM 115004
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).

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:
  • SENM-S-22 Prairie Chickens
  • SENM-S-34 Zone 3 - POD
  • WO-NHPA National Historic Preservation Act
  • WO-ESA-7 Endangered Species Act

OFFSET ACTIVITY

Completions from the last 365 days in Lea County, New Mexico

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Drilling Permits from the last Lea County, New Mexico

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Drilling Rigs on location in Lea County, New Mexico

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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 - New Mexico

Email: blm_nm_leasesale@gmail.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 #14

12/7/2017 12:02:06 PM

$20,009

Bidder #31

12/7/2017 12:11:38 PM

$20,008

Bidder #14

12/7/2017 12:02:06 PM

$20,007

Bidder #31

12/7/2017 12:11:36 PM

$20,006

Bidder #14

12/7/2017 12:02:06 PM

$20,005

Bidder #31

12/7/2017 12:11:34 PM

$20,004

Bidder #14

12/7/2017 12:02:06 PM

$20,003

Bidder #31

12/7/2017 12:11:29 PM

$20,002

Bidder #14

12/7/2017 12:02:06 PM

$20,001

Bidder #31

12/7/2017 12:11:25 PM

$20,000

View 72 earlier bids...

1