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NV-18-06-105

Nye County, NV
BLM Nevada Federal Lease Sale, June 12, 2018

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NV-18-06-105

Acres:

2,560.00

Time Remaining:

Auction has ended

Start Time:

6/12/2018 8:44 AM PDT / 10:44 AM CDT

End Time:

6/12/2018 10:44 AM PDT / 12:44 PM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Starting Bid:

$9,196.80
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NV-18-06-105

County, State

Nye, NV

Legal Description

T.0090N, R.0510E, 21 MDM, NV
Sec. 025 PROT ALL;
Sec. 026 PROT ALL;
Sec. 027 PROT NE;
Sec. 035 PROT E2,E2W2;
Sec. 036 PROT ALL;

Area/Project

Battle Mountain DO

Acres

2,560.00

Rental (1st Year)

$3,840.00

Royalty

12.50%

Administrative Fee

$160.00

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 PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

NV-B-00-A-LN, NV-B-02-A-TL, NV-B-12-B-LN, NV-B-10-B-CSU, NV-B-16-A-NSO, NV-B-16-B-TL

OFFSET ACTIVITY

Drilling Permits from the last 365 days in Nye County, Nevada

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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.

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 Nevada State Office by 4:00 PM PDT.

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 - Colorado

(775) 861-6515
Email: nvsoweb@blm.gov

EnergyNet

Gus Rivero
VP 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