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OK-2020-02-066

Kingfisher County, OK
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:

OK-2020-02-066

Acres:

42.40

Time Remaining:

20D 3H 31M 8S

Start Time:

2/6/2020 10:56 AM CST / 9:56 AM MST

End Time:

2/6/2020 12:56 PM CST / 11:56 AM MST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$316.79
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

OK-2020-02-066

County, State

Kingfisher, OK

Legal Description

OK T.0180N, R.0090W, INDIAN MER
Section: 002 LOT 2;
PD

Area/Project

Oklahoma FO

Acres

42.40

Rental (1st Year)

$64.50

Royalty

12.50%

Administrative Fee

$170.00

Comments

OKLAHOMA 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).

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
WO ESA-07 BLM Stipulations for Endangered Species Act Section 7 Consultation Stipulation
WO-NHPA BLM Stipulations for Cultural Resources and Tribal Consultation Stipulation

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