Server Time (CDT): Mar. 29, 3:52:39p

NM-2020-02-029

Sandoval County, NM
BLM New Mexico, Oklahoma and Kansas Federal Lease Sale, February 6, 2020

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-2020-02-029

Acres:

160.00

Time Remaining:

Auction has ended

Start Time:

2/6/2020 9:14 AM CST / 8:14 AM MST

End Time:

2/6/2020 11:14 AM CST / 10:14 AM MST

Your Bid:

-

Highest Bid:

$2/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$734.80
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-2020-02-029

County, State

Sandoval, NM

Legal Description

NM T.0200N, R.0040W, NEW MEXICO PM
Section: 008 SE;
PD

Area/Project

Rio Puerco FO

Acres

160.00

Rental (1st Year)

$240.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

EOI #NM00015457

Comments

NEW MEXICO (NW) PD
SURFACE: Bureau of Indian Affairs: Navajo Resrv - NM

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:

BIA-1 SMA Stipulations for Navajo Region BIA SMA Lease Stip for Federal OG Lease Offering
BIA-3 SMA Stipulations for Navajo Region BIA SMA Lease Stip for Federal OG Lease Offering
NM-1-LN BLM LN Stip for Potential, Suitable and Occupied Habitat for Special Status Plant Species.
NM-11-LN BLM Lease Notice Stipulations for Special Cultural Resource
RP-6-CSU BLM Stipulations for RPFO - CSU - Natl Register Historic Places
WO-ESA 7 BLM Stipulations for WO - Endangered Species Act Sec 7 Consultation
WO-NHPA BLM Stipulations for WO - NHPA - Cultural Resources & 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 #45

2/6/2020 11:13:54 AM

$2