Server Time (CDT): Apr. 4, 4:46:19p

OK-2020-02-076

Roger Mills County, OK
BLM New Mexico, Oklahoma and Kansas Federal Lease Sale, February 6, 2020

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

OK-2020-02-076

Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

2/6/2020 11:16 AM CST / 10:16 AM MST

End Time:

2/6/2020 1:16 PM CST / 12:16 PM MST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$452.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

OK-2020-02-076

County, State

Roger Mills, OK

Legal Description

Updated 01/21/2020
See Amendment No. 2
OK T.0140N, R.0250W, INDIAN MER
Section: 017 S2NE;
12.500% Acquired Royalty Interest

**50% US Mineral Interest**
Note: Bidding is calculated using gross acres

Area/Project

Oklahoma FO

Acres

80.00

Rental (1st Year)

$120.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

EOI# NM00015313

Comments

OKLAHOMA ACQ
SURFACE: Forest Service: BLACK KETTLE NG

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:

BKNG 2012 CSU-01 SMA Stipulations for CSU High Erosion Potential
BKNG 2012 CSU-02 SMA Stipulations for CSU New Road Access
BKNG 2012 CSU-03 SMA Stipulations for Closed-Loop Drilling System & Drilling Fluids and Cuttings
BKNG 2012 LN-01 SMA Stipulations for LN Cultural Resource Management
BKNG 2012 LN-02 SMA Stipulations for LN Threatened, Endangered & Sensitive Species Habitat
BKNG 2012 NSO-05 SMA Stipulations for NSO Riparian Areas or Wetlands
BKNG 2012 S-01 SMA Stipulation for Land of NFS US Dept. Agriculture Cibola NF

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