Server Time (CDT): Mar. 28, 5:48:49a

Parcel #: ES-014-06/2018
Serial #: ARES059281

Van Buren County, AR
BLM Eastern States Federal Lease Sale, June 21, 2018

SOLD

Property Schedule

Due Diligence Began 4/10/2018
Bidding Started 6/21/2018
Bidding Ended 6/21/2018 10:24 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

Parcel #: ES-014-06/2018
Serial #: ARES059281

Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

6/21/2018 8:24 AM EDT / 7:24 AM CDT

End Time:

6/21/2018 11:24 AM EDT / 10:24 AM CDT

Your Bid:

-

Highest Bid:

$2/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$442.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

Parcel #: ES-014-06/2018 / Serial #: ARES059281

County, State

Van Buren, AR

Legal Description

T11N, R14W, Fifth Principal Meridian
Sec. 4: W2SE.

Acres

80.00

Rental (1st Year)

$120.00

Royalty

12.5%

Administrative Fee

$160.00

Expression of Interest

738

Comments

Private Surface, Public Domain Minerals

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:
  • BLM Stipulations for Cultural Resources and Tribal Consultation, Endangered Species, Sensitive Plant Species, Freshwater Aquatic Habitat, and Bats: Indiana bat, Ozark bigeared bat, Virginia big-eared bat, northern long-eared bat, or gray bat.
  • BLM Lease Notices/Best Management Practices for Migratory Birds and Federally Listed Wildlife, Perching and Nesting Birds and Bats, Invasive and Non-Native Plant Species and Pesticide Application.

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Van Buren County, Arkansas

Click here to view full screen
Click here to view full screen

SUCCESSFUL BIDDER NOTIFICATION

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $160, to the BLM State Office by the close of business.

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

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

Brandon Savage
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


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #2

6/21/2018 10:23:58 AM

$2