Server Time (CST): Dec. 5, 9:20:42a

NM-201909-008

Lea County, NM
BLM New Mexico, Oklahoma and Kansas Federal Lease Sale, September 5, 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-201909-008

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

9/5/2019 9:14 AM CDT / 8:14 AM MDT

End Time:

9/5/2019 11:14 AM CDT / 10:14 AM MDT

Your Bid:

-

Highest Bid:

$1,201/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$48,985.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-201909-008

County, State

Lea, NM

Legal Description

T.0180S, R.0320E, 23 PM, NM
Sec. 035 SWSW;

Area/Project

Carlsbad FO

Acres

40.00

Rental (1st Year)

$60.00

Royalty

12.50%

Administrative Fee

$165.00

Comments

NEW MEXICO PUBLIC DOMAIN - SE
Formerly Lease No. NMNM 90536

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).

Lease 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-17 Slopes or Fragile Soils
SENM-S-22 Prairie Chickens
SENM-S-23 Sand Dune Lizard
SENM-S-54 NSO Lesser Prairie Chicken
Sec. 35: SWSW;
SENM-LN-2 Protection of the Sand Dune Lizard
NM-11-LN Special Cultural Resource
WO-ESA-7 Endangered Species Act
WO-NHPA National Register of Historic Places

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, Government Resources
Gus Rivero

Email
Gus.Rivero@energynet.com

Office
(806) 463-3616


Managing Director, Government Resources
Brandon Savage

Email
Brandon.Savage@energynet.com

Office
(806) 463-3621


Transaction Manager
Heather Fugger

Email
Heather.Fugger@energynet.com

Office
(806) 463-3619


Global Markets Strategic Analyst
Anastasia Rademaekers

Email
Anastasia.Rademaekers@energynet.com

Office
(806) 463-3635

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #29

9/5/2019 11:13:56 AM

$1,201

Bidder #23

9/5/2019 11:13:57 AM

$1,200

Bidder #29

9/5/2019 11:13:56 AM

$752

Bidder #11

9/5/2019 11:13:56 AM

$751

Bidder #29

9/5/2019 11:13:56 AM

$701

Bidder #25

9/5/2019 11:12:53 AM

$700

Bidder #37

9/5/2019 11:13:54 AM

$500

Bidder #25

9/5/2019 11:12:53 AM

$261

Bidder #37

9/5/2019 11:13:44 AM

$260

Bidder #25

9/5/2019 11:12:53 AM

$166


View 10 earlier bids...