008 VC-O-001
Chaves County, NM
New Mexico State Land Office Sealed Bid and Auction Lease Sale
SOLD
SOLD
Registration Status:
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Your Bid Status:
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Tract:
008 VC-O-001
Gross Acres:
120.00
Net Acres:
120.00
Time Remaining:
Auction has ended
Start Time:
9/11/2018 10:30 AM MDT / 11:30 AM CDT
End Time:
9/18/2018 10:30 AM MDT / 11:30 AM CDT
Your Bid:
-
Highest Bid:
$4,350
Starting Bid:
$4,000
Bid Increment:
$50
Total Cost at Highest Bid:
$4,535.80
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T13S, R31E
Sec. 1: W2SW4, SE4SW4
Tract Details
Tract No.
008 VC-O-001
County, State
Chaves, NM
Description
T13S, R31E
Sec. 1: W2SW4, SE4SW4
Net Acres
120.00
Gross Acres
120.00
Rental/Acre (Per Year)
$0.50
Royalty
1/5th
Lease Term
5 Years
Application Fee
$100.00
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.
Purchase price includes the lease bonus and 1st year rental: Your bid on a 320 acre tract may be $10,000; if the rental rate on that tract is $1/acre, SLO will apply $320 of your $10,000 to the first year's rental.
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.
Payment to the New Mexico State Land Office must be made before close of business (mountain time) on the day of the sale.
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.
New Mexico State Land Office Point of Contact
Chief Geologist
Oil, Gas and Minerals Division
Stephen L. Wust, Ph.D.
Office (505) 827-5774
Email swust@slo.state.nm.us
EnergyNet Points of Contact
Vice President
Government Lease Sales
Gus Rivero
Email Gus.Rivero@energynet.com
Office (806) 463-3616
Manager
Government Lease Sales
Brandon Savage
Email Brandon.Savage@energynet.com
Office (806) 463-3621
Analyst
Government Lease Sales
Heather Fugger
Email Heather.Fugger@energynet.com
Office (806) 463-3619
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #5
9/18/2018 11:29:42 AM
$4,350
Bidder #7
9/18/2018 11:29:53 AM
$4,300
Bidder #5
9/18/2018 11:29:42 AM
$4,000