SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Parcel:
NM-2020-02-037
Acres:
120.00
Time Remaining:
Auction has ended
Start Time:
2/6/2020 9:06 AM MST / 10:06 AM CST
End Time:
2/6/2020 11:06 AM MST / 12:06 PM CST
Your Bid:
-
Highest Bid:
$1,303/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$159,055.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
NM T.0160S, R.0270E, NEW MEXICO PM
Section: 035 NWSE, S2SE;
PD
Parcel Details
Parcel
NM-2020-02-037
County, State
Eddy, NM
Legal Description
NM T.0160S, R.0270E, NEW MEXICO PM
Section: 035 NWSE, S2SE;
PD
Area/Project
Carlsbad FO
Acres
120.00
Rental (1st Year)
$180.00
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
EOI #NM00015285
Comments
NEW MEXICO (SE) PD
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 Notation
LEASE NOTATION: Karst features may exist, both in the surface and subsurface of this lease. If karst features were to be discovered at the time of the Application for Permit to Drill, surface disturbance within this lease may be limited, and the karst features would be subject to the protective buffers outlined in the stipulation SENM-S-21 attached to the 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:
NM-1-LN BLM Lease Notice Stipulations for NMSO - LN - SS Plant Habitat
NM-11-LN BLM Lease Notice Stipulations for Special Cultural Resource
SENM-LN-1 BLM Lease Notice Stipulations for PDO - LN - Potential Cave or Karst Occurrence Area
SENM-S-17-CSU BLM Stipulations for PDO - CSU - Slopes & Fragile Soils
SENM-S-21-CSU BLM Stipulations for PDO - CSU - Caves and Karst
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
Email
blm_nm_leasesale@blm.gov
EnergyNet Points of Contact
Bid History (All)
Bidder
Placed
Amount
Bidder #4
2/6/2020 12:05:22 PM
$1,303
Bidder #1
2/6/2020 12:05:49 PM
$1,302
Bidder #4
2/6/2020 12:05:22 PM
$1,301
Bidder #47
2/6/2020 12:05:44 PM
$1,300
Bidder #4
2/6/2020 12:05:22 PM
$758
Bidder #1
2/6/2020 12:05:39 PM
$757
Bidder #4
2/6/2020 12:05:22 PM
$756
Bidder #1
2/6/2020 12:05:35 PM
$755
Bidder #4
2/6/2020 12:05:22 PM
$754
Bidder #1
2/6/2020 12:05:26 PM
$753
Bidder #4
2/6/2020 12:05:22 PM
$701
Bidder #1
2/6/2020 12:05:15 PM
$700
Bidder #53
2/6/2020 11:20:02 AM
$24