SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Parcel:
NM-201812-033
Acres:
320.00
Time Remaining:
Auction has ended
Start Time:
12/5/2018 8:32 AM MST / 9:32 AM CST
End Time:
12/5/2018 10:32 AM MST / 11:32 AM CST
Your Bid:
-
Highest Bid:
$1,013/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$329,667.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T.0200S, R.0250E, 23 PM, NM
Sec. 014 N2NW,SWNW,S2S2,NESE;
Parcel Details
Parcel
NM-201812-033
County, State
Eddy, NM
Legal Description
T.0200S, R.0250E, 23 PM, NM
Sec. 014 N2NW,SWNW,S2S2,NESE;
Area/Project
Carlsbad FO
Acres
320.00
Rental (1st Year)
$480.00
Royalty
12.50%
Administrative Fee
$165.00
Comments
Former Lease No.: NMNM 114959
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-19 Playas and Alkali Lakes
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 will be limited as the majority of the northern portion of the lease is located within the 100-year Federal Emergency Management Agency(FEMA)floodplain and subject to the protective buffers outlined in lease stipulation SENM-S-18 attached to the lease. There are also known karst features located the remaining portions of the lease parcel. Unknown karst features may also exist, both in the surface and subsurface, along the southern portion of this parcel. If karst features were to be discovered at the time of the Application for Permit to drill 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 and SENM-S-19 Playas and Alkali Lakes 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
Email
blm_nm_leasesale@blm.gov
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 #19
12/5/2018 11:22:55 AM
$1,013
Bidder #53
12/5/2018 10:55:14 AM
$1,012
Bidder #19
12/5/2018 10:50:21 AM
$1,010
Bidder #53
12/5/2018 10:54:06 AM
$1,007
Bidder #19
12/5/2018 10:50:21 AM
$1,001
Bidder #53
12/5/2018 10:34:16 AM
$1,000
Bidder #6
12/5/2018 10:24:30 AM
$750
Bidder #7
12/5/2018 10:19:39 AM
$75