Server Time (CDT): Jul. 15, 5:18:37p

NM-201906-056

Dewey County, OK
BLM New Mexico, Oklahoma and Kansas Federal Lease Sale, June 20, 2019

AUCTION 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-201906-056

Acres:

191.25

Time Remaining:

Auction has ended

Start Time:

6/20/2019 10:40 AM CDT / 9:40 AM MDT

End Time:

6/20/2019 12:40 PM CDT / 11:40 AM MDT

Your Bid:

-

Highest Bid:

$86/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$17,212.68
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-201906-056

County, State

Dewey, OK

Legal Description

T.0190N, R.0150W, 17 PM, OK
Sec. 011 N2N2NE, SENENE;
Sec. 012 LOTS 1-4;
Sec. 012 NWNW

Area/Project

Oklahoma FO

Acres

191.25

Rental (1st Year)

$288.00

Royalty

12.50%

Administrative Fee

$165.00

Comments

OKLAHOMA ACQUIRED
Formerly Lease No. OKNM 130893
CORPS OF ENGINEERS
CANTON LAKE

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:

COE-CE-SS-1A - No Surface Occupancy
WO-ESA-7 Endangered Species Act
WO-NHPA Cultural Resources and Tribal Consultation

Lease Notation

NOTE: The successful bidder is required to join the communitization agreement (CA) OKNM 139142 prior to issuance of the lease.
Operator:
Newfield Exploration Mid-Continent Inc.
24 Waterway Avenue Suite #900
Spring, TX 77380-3797

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


Government Lease Sales Junior Analyst
Anastasia Rademaekers

Email
Anastasia.Rademaekers@energynet.com

Office
(806) 463-3635

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #22

6/20/2019 11:12:25 AM

$86

Bidder #14

6/20/2019 12:39:59 PM

$85

Bidder #22

6/20/2019 11:12:25 AM

$76

Bidder #14

6/20/2019 12:39:48 PM

$75

Bidder #22

6/20/2019 11:12:25 AM

$65

Bidder #14

6/20/2019 12:39:38 PM

$64

Bidder #22

6/20/2019 11:12:25 AM

$53

Bidder #14

6/20/2019 12:39:24 PM

$52

Bidder #22

6/20/2019 11:12:25 AM

$40

Bidder #14

6/20/2019 12:39:16 PM

$39


View 18 earlier bids...