Server Time (CST): Jan. 18, 12:30:04a

NM-201911-001

Eddy County, NM
BLM New Mexico and Oklahoma Federal Lease Sale, November 7, 2019

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-201911-001

Acres:

1,533.92

Time Remaining:

Auction has ended

Start Time:

11/7/2019 8:00 AM MST / 9:00 AM CST

End Time:

11/7/2019 10:00 AM MST / 11:00 AM CST

Your Bid:

-

Highest Bid:

$10,001/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$15,574,128.01
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-201911-001

County, State

Eddy, NM

Legal Description

Updated 11/06/2019
See Federal Register (Vol. 84, No. 215)
T.0260S, R.0260E, 23 PM, NM
Sec. 026 ALL;
Sec. 027 ALL;
Sec. 035 LOTS 1-4;
Sec. 035 N2N2;

Area/Project

Carlsbad FO

Acres

1,533.92

Rental (1st Year)

$2,301.00

Royalty

12.50%

Administrative Fee

$170.00

Comments

NEW MEXICO PUBLIC DOMAIN (SE)
Formerly Lease No. NMNM 105879

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:

NM-1-LN Special Status Plant Species
NM-11-LN Special Cultural Resource
SENM-LN-1 Cave - Karst Occurrence Area
SENM-S-17 Slopes or Fragile Soils
SENM-S-18 Streams, Rivers, and Floodplains
SENM-S-19 Playas & Alkali Lakes
SENM-S-21 Caves and Karst
WO-ESA-7 Endangered Species Act
WO-NHPA Cultural Resources and Tribal Consultation

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 $170, 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

Government Resources
Email
government@energynet.com

Office
(866) 364-4688

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #24

11/7/2019 10:45:51 AM

$10,001

Bidder #4

11/7/2019 10:59:36 AM

$10,000

Bidder #24

11/7/2019 10:45:51 AM

$9,001

Bidder #4

11/7/2019 10:58:55 AM

$9,000

Bidder #24

11/7/2019 10:45:51 AM

$7,515

Bidder #14

11/7/2019 10:58:46 AM

$7,514

Bidder #24

11/7/2019 10:45:51 AM

$7,215

Bidder #14

11/7/2019 10:49:05 AM

$7,214

Bidder #24

11/7/2019 10:45:51 AM

$7,115

Bidder #14

11/7/2019 10:03:32 AM

$7,114


View 11 earlier bids...