Server Time (CDT): Mar. 28, 9:37:32p

NM-2020-02-063

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

SOLD

Property Schedule

Due Diligence Began 12/9/2019
Bidding Started 2/6/2020
Bidding Ended 2/6/2020 12:50 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NM-2020-02-063

Acres:

280.00

Time Remaining:

Auction has ended

Start Time:

2/6/2020 9:50 AM MST / 10:50 AM CST

End Time:

2/6/2020 11:50 AM MST / 12:50 PM CST

Your Bid:

-

Highest Bid:

$15,501/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$4,405,974.20
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NM-2020-02-063

County, State

Lea, NM

Legal Description

NM T.0200S, R.0330E, NEW MEXICO PM
Section: 034 NE, N2NW, NESE;
PD

Area/Project

Carlsbad FO

Acres

280.00

Rental (1st Year)

$420.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

EOI#NM00015294

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 Interior’s 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 a drill island, Cougar Cub North, located along the southern section line of Sec. 34 in T20S, R33E (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-11-LN BLM Lease Notice Stipulations for Special Cultural Resource
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-22-CSU BLM Stipulations for PDO - CSU - Lesser Prairie-Chickens
SENM-S-34-CSU BLM Stipulations for PDO - CSU - Shinnery Oak Sand Dune Habitat Complex POD
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 (All)

Bidder

Placed

Amount

Bidder #1

2/6/2020 12:49:42 PM

$15,501

Bidder #2

2/6/2020 12:49:53 PM

$15,500

Bidder #1

2/6/2020 12:49:42 PM

$15,251

Bidder #2

2/6/2020 12:49:25 PM

$15,250

Bidder #37

2/6/2020 12:48:22 PM

$15,050

Bidder #2

2/6/2020 12:46:51 PM

$12,255

Bidder #37

2/6/2020 12:44:47 PM

$10,000

Bidder #2

2/6/2020 12:42:56 PM

$8,752

Bidder #37

2/6/2020 12:43:56 PM

$7,502

Bidder #2

2/6/2020 12:42:56 PM

$7,501

Bidder #25

2/6/2020 11:19:29 AM

$7,500

Bidder #38

2/6/2020 12:40:12 PM

$5,000

Bidder #25

2/6/2020 11:19:29 AM

$2,081

Bidder #18

2/6/2020 12:36:46 PM

$2,080

Bidder #25

2/6/2020 11:19:29 AM

$1,201

Bidder #38

2/6/2020 12:34:51 PM

$1,200

Bidder #25

2/6/2020 11:19:29 AM

$651

Bidder #38

2/6/2020 12:33:20 PM

$650

Bidder #25

2/6/2020 11:19:29 AM

$551

Bidder #2

2/6/2020 12:15:18 PM

$550

Bidder #25

2/6/2020 11:19:29 AM

$501

Bidder #36

2/6/2020 11:24:18 AM

$500

Bidder #25

2/6/2020 11:19:29 AM

$401

Bidder #36

2/6/2020 11:24:02 AM

$400

Bidder #25

2/6/2020 11:19:29 AM

$301

Bidder #36

2/6/2020 11:23:55 AM

$300

Bidder #25

2/6/2020 11:19:29 AM

$6

Bidder #15

2/6/2020 11:23:28 AM

$5

Bidder #25

2/6/2020 11:19:29 AM

$4

Bidder #15

2/6/2020 11:22:04 AM

$3

Bidder #25

2/6/2020 11:19:29 AM

$2