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:
T.0220S, R.0260E, 23 PM, NM
Sec. 018 LOTS 1,2;
Sec. 018 E2NW;
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
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 (All)
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
Bidder #4
12/5/2018 10:15:04 AM
$1,012
Bidder #39
12/5/2018 10:13:31 AM
$1,011
Bidder #4
12/5/2018 10:15:02 AM
$1,010
Bidder #39
12/5/2018 10:13:31 AM
$1,009
Bidder #4
12/5/2018 10:14:58 AM
$1,008
Bidder #39
12/5/2018 10:13:31 AM
$509
Bidder #4
12/5/2018 10:14:37 AM
$508
Bidder #39
12/5/2018 10:13:31 AM
$109
Bidder #4
12/5/2018 9:34:37 AM
$108
Bidder #37
12/5/2018 9:45:16 AM
$100
Bidder #4
12/5/2018 9:34:37 AM
$2