Server Time (CDT): Apr. 25, 2:58:56a

NM-201903-005

Lea County, NM
BLM New Mexico and Oklahoma Federal Lease Sale, March 28, 2019

SOLD

Property Schedule

Due Diligence Began 2/11/2019
Bidding Started 3/28/2019
Bidding Ended 3/28/2019 11:04 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NM-201903-005

Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

3/28/2019 8:04 AM MDT / 9:04 AM CDT

End Time:

3/28/2019 10:04 AM MDT / 11:04 AM CDT

Your Bid:

-

Highest Bid:

$14,073/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$2,285,860.20
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-201903-005

County, State

Lea, NM

Legal Description

T.0190S, R.0330E, 23 PM, NM
Sec. 033 SE;

Area/Project

Carlsbad FO

Acres

160.00

Rental (1st Year)

$240.00

Royalty

12.50%

Administrative Fee

$165.00

Comments

NEW MEXICO PUBLIC DOMAIN-SE
Formerly Lease No. NMNM 94619

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).

Stipulations

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-19 Playas and Alkali Lakes
SENM-S-22 Prairie Chickens
SENM-LN-6 Potash Area
SENM-S-1 Potash
WO-NHPA Cultural Resources and Tribal Consultation
WO-ESA-7 Endangered Species

LEASE NOTATION: Note: This lease is located within the Secretary of the Interior’s Designated Potash Area and is subject to Secretarial Order No. 3324, signed December 3,2012. Drilling an oil and gas well within this lease may result in unduewaste of potash deposits, constitute a hazard to or unduly interfere with mining operations being conducted for the extraction of potash deposits.Therefore, drilling of an oil and gas well from a surface location within this lease may not be allowed, and may only be permitted if drilling occurs from a drill island along the northern section line of Section 33.

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 #14

3/28/2019 10:59:36 AM

$14,073

Bidder #15

3/28/2019 11:03:39 AM

$14,072

Bidder #14

3/28/2019 10:59:36 AM

$8,101

Bidder #36

3/28/2019 11:03:07 AM

$8,100

Bidder #14

3/28/2019 10:59:36 AM

$8,001

Bidder #36

3/28/2019 10:59:49 AM

$8,000

Bidder #14

3/28/2019 9:15:03 AM

$7,501

Bidder #36

3/28/2019 9:43:55 AM

$7,500

Bidder #14

3/28/2019 9:15:03 AM

$667

Bidder #39

3/28/2019 9:10:43 AM

$666


View 1 earlier bids...