Server Time (CDT): Jul. 25, 4:18:15p

NM-201812-034

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-201812-034

Acres:

158.35

Time Remaining:

Auction has ended

Start Time:

12/5/2018 8:33 AM MST / 9:33 AM CST

End Time:

12/5/2018 10:33 AM MST / 11:33 AM CST

Your Bid:

-

Highest Bid:

$3,351/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$541,204.64
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-201812-034

County, State

Eddy, NM

Legal Description

T.0220S, R.0260E, 23 PM, NM
Sec. 018 LOTS 1,2;
Sec. 018 E2NW;

Area/Project

Carlsbad FO

Acres

158.35

Rental (1st Year)

$238.50

Royalty

12.50%

Administrative Fee

$165.00

Comments

Former Lease No.: NMNM 111948

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-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 extremely limited as the entire lease is characterized by steep slopes and would be subject to the protective buffers outlined in the stipulation SENM-S-17 attached to the lease. This parcel also contains known karst features. 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 that is attached to the lease. The area that may be available for surface development is irregularly shaped with an average width of less than 200 feet.

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 #4

12/5/2018 11:27:44 AM

$3,351

Bidder #37

12/5/2018 11:32:44 AM

$3,350

Bidder #4

12/5/2018 11:27:44 AM

$3,104

Bidder #37

12/5/2018 11:31:53 AM

$3,103

Bidder #4

12/5/2018 10:27:59 AM

$2,512

Bidder #37

12/5/2018 10:26:59 AM

$2,511

Bidder #4

12/5/2018 10:15:31 AM

$2,508

Bidder #37

12/5/2018 10:26:42 AM

$2,011

Bidder #4

12/5/2018 10:15:31 AM

$1,553

Bidder #39

12/5/2018 10:13:31 AM

$1,552


View 11 earlier bids...