Server Time (CDT): Jul. 25, 6:32:13p

NM-201812-032

Eddy County, NM
BLM New Mexico Federal Lease Sale, December 5 and 6, 2018

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NM-201812-032

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

12/5/2018 8:31 AM MST / 9:31 AM CST

End Time:

12/5/2018 10:31 AM MST / 11:31 AM CST

Your Bid:

-

Highest Bid:

$1,276/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$52,030.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-201812-032

County, State

Eddy, NM

Legal Description

T.0200S, R.0250E, 23 PM, NM
Sec. 012 NWSE;

Area/Project

Carlsbad FO

Acres

40.00

Rental (1st Year)

$60.00

Royalty

12.50%

Administrative Fee

$165.00

Comments

Former Lease No.: NMNM 118697

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).

Provision

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. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

SENM-S-17 Slopes or Fragile Soils
SENM-S-18 Streams, Rivers and Floodplains
SENM-S-21 Caves and Karst
SENM-LN-1 Cave - Karst Occurrence Area
WO-ESA-7 Endangered Species Act
WO-NHPA Cultural Resources and Tribal Consultation
Lease Notation:
Surface disturbance may be limited to the southern portion of the lease as all but the very southern portion of this lease is located within the 100- year Federal Emergency Management Agency(FEMA)floodplain and subject to the protective buffers outlined in SENM-S-18 attached to the lease. Surface development in the southern portion of the lease may be further restricted as there are known karst features located along the southern boundary of the lease. Unknown karst features may also exist, both in the surface and subsurface, along the southern portion of this lease. If karst features were to be discovered at the time of the Application for Permit to Drill, then planning stage the features would be subject to the protective buffers outlined in the stipulation SENM- S-21 attached to the lease. In addition, the protective buffers identified in SENM-S-17 Steep Slopes and Fragile Soils would apply to this lease.

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 $165, 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.

BLM New Mexico Contact Information

EnergyNet Points of Contact

VP of Government Lease Sales
Gus Rivero

Email
Gus.Rivero@energynet.com

Office
(806) 463-3616


Manager of Government Lease Sales
Brandon Savage

Email
Brandon.Savage@energynet.com

Office
(806) 463-3621


Government Lease Sales Analyst
Heather Fugger

Email
Heather.Fugger@energynet.com

Office
(806) 463-3619

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #62

12/5/2018 11:30:29 AM

$1,276

Bidder #37

12/5/2018 11:28:10 AM

$1,275

Bidder #62

12/5/2018 11:30:18 AM

$1,250

Bidder #37

12/5/2018 11:28:10 AM

$1,001

Bidder #53

12/5/2018 10:33:47 AM

$1,000

Bidder #19

12/5/2018 11:18:48 AM

$530

Bidder #53

12/5/2018 10:33:47 AM

$501

Bidder #6

12/5/2018 10:23:45 AM

$500

Bidder #37

12/5/2018 9:44:49 AM

$100

Bidder #7

12/5/2018 10:08:51 AM

$44


View 1 earlier bids...