Server Time (CST): Jan. 17, 10:41:55a

NM-2020-02-054

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

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

NM-2020-02-054

Acres:

1,120.00

Time Remaining:

20D 1H 58M 5S

Start Time:

2/6/2020 10:40 AM CST / 9:40 AM MST

End Time:

2/6/2020 12:40 PM CST / 11:40 AM MST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$4,118.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-2020-02-054

County, State

Eddy, NM

Legal Description

NM T.0220S, R.0290E, NEW MEXICO PM
Section: 023 NE4, S2;
Section: 024 ALL;
PD

Area/Project

Carlsbad FO

Acres

1,120.00

Rental (1st Year)

$1,680.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

EOI #NM00015291

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: This lease is located within the Secretary of the Interiorís Designated Potash Area and is subject to Secretarial Order No. 3324, signed December 3, 2012. Drilling an oil and gas well within this lease may result in undue waste of potash deposits, constitute a hazard to or unduly interfere with mining operations being conducted for the extraction of potash deposits. Therefore, drilling of an oil and gas well from a surface location within this lease may not be allowed, and may only be permitted if drilling occurs from either the Big Eddy Unit Drill Island 38, within the Big Eddy Unit along the northern section line of Section 28 in T22S, R29E, or from the James Ranch Drill Island 11, within the James Ranch Unit in Section 17 (state surface and mineral estate) in T22S R30E (see map).

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-LN-6 BLM Lease Notice Stipulations for PDO - LN - OG Dev. Within Designated Potash Area
SENM-S-1-CSU BLM Stipulations for PDO - CSU - Potash Area Stipulation
SENM-S-17-CSU BLM Stipulations for PDO - CSU - Slopes & Fragile Soils
SENM-S-18-CSU BLM Stipulations for PDO - CSU - Streams, Rivers and Floodplains
SENM-S-19-CSU BLM Stipulations for PDO - CSU - Playas and Alkali Lakes
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

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688