Server Time (CDT): Oct. 16, 5:01:09p

ES-003 09/2019-0022
Serial #: MSES059463

Franklin County, MS
BLM Eastern States Federal Lease Sale, September 12, 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:

ES-003 09/2019-0022
Serial #: MSES059463

Acres:

160.13

Time Remaining:

Auction has ended

Start Time:

9/12/2019 7:04 AM CDT / 8:04 AM EDT

End Time:

9/12/2019 10:04 AM CDT / 11:04 AM EDT

Your Bid:

-

Highest Bid:

$4/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$1,060.16
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

ES-003 09/2019-0022/Serial #: MSES059463

County, State

Franklin, MS

Legal Description

T0050N, R0030E, WASHINGTON MERIDIAN
Section: 036 SE

Area/Project

Homochitto National Forest

Acres

160.13

Rental (1st Year)

$241.50

Royalty

12.50%

Administrative Fee

$165.00

Comments

Forest Service Surface, Acquired Minerals

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:

Stipulation for Lands of the National Forest System under Jurisdiction of Department of Agriculture

Timing Limitation Stipulation - Soil Erosion/Rutting

Lease Notice - Threatened, Endangered, or Sensitive Species

Lease Notice - Wetlands/Floodplains

Lease Notice - Slopes greater than 15%

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 Eastern States Contact Information

Email
blm_es_bid_form@blm.gov

Phone
(202) 912-7700

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 #16

9/12/2019 9:34:24 AM

$4

Bidder #17

9/12/2019 10:03:56 AM

$3

Bidder #16

9/12/2019 9:34:24 AM

$2