Server Time (CDT): Mar. 29, 10:07:02a

Parcel #38
Lithium

Hidalgo County, NM
New Mexico State Land Office Sealed Bid & Auction Mining Lease Sale

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Please log in as a buyer in order to bid.

Parcel:

Parcel #38
Lithium

Gross Acres:

637.40

Net Acres:

637.40

Time Remaining:

Auction has ended

Start Time:

4/11/2018 9:00 AM MDT / 10:00 AM CDT

End Time:

4/18/2018 9:00 AM MDT / 10:00 AM CDT

Minimum Bid:

$5,000

Total Parcel Cost at Minimum Bid:

$5,350
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Parcel Details

Parcel Name

Parcel #38
Lithium

County, State

Hidalgo, NM

Description

T24S, R20W
Sec. 2: ALL

Net Acres

637.40

Gross Acres

637.40

Royalty

4% - Based on Gross Returns

Lease Term

15 Years or Held by Production Indefinitely (See Rule 2)

Application Fee

$250.00

Rental/Acre (Per Year)

$1.00

Additional Information

LEASE TERMS AND CONDITIONS

All bidding and lease sales on NMSLO properties listed on this website shall be subject to the statutes, administrative rules, and other laws of the State of New Mexico, including but not limited to New Mexico Law 1929, Chapter 125, Section B, as amended, and rules and regulations of the State Land Office.

PAYMENT FOR ALL WINNING ONLINE LEASES SHALL BE MADE THE DAY OF THE SALE BY WIRE TRANSFER OR IN-PERSON AT THE NEW MEXICO STATE LAND OFFICE for all bonus, rentals and application fees. LATE PAYMENTS WILL BE REJECTED AND NO LEASE WILL BE ISSUED FOR THAT TRACT.

The Buyer’s Premium will be paid separately to EnergyNet also by wire transfer payment. The successful bidder will be provided by email from EnergyNet, complete wire transfer payment and closing instructions, including invoices for all funds due at the close of the sale.

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 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.


CONTACT INFORMATION


NMSLO

Jack Yates
Minerals Manager
Oil, Gas and Minerals Division
(505) 827-5750
Email: jyates@slo.state.nm.us

EnergyNet

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

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

Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com