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MS-2020-03-0347
Serial: MSES059541

Franklin County, MS
BLM Eastern States Federal Lease Sale, March 19, 2020

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

MS-2020-03-0347
Serial: MSES059541

Acres:

35.15

Time Remaining:

19D 8H 53M 24S

Start Time:

3/19/2020 7:04 AM CDT / 8:04 AM EDT

End Time:

3/19/2020 10:04 AM CDT / 11:04 AM EDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$297.08
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

MS-2020-03-0347 / Serial: MSES059541

County, State

Franklin, MS

Legal Description

MS T0050N, R0010E, WASHINGTON MERIDIAN - 32 PM
Section: 012, Lot 3.

Area/Project

HOMOCHITTO NF

Acres

35.15

Rental (1st Year)

$54.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

EOI #ES00002023 (1827)

Comments

ACQ
FS Parcel#: HCF-0050N-0010E-0001

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 Stipulations

Stipulations for Lands of the National Forest System under Jurisdiction of Department of Agriculture
Timing Limitation Stipulation - Soil Erosion/Rutting
Lease Notice - Threatened, Endangered, or Sensitive Species
Lease Notice - Wetlands/Floodplains
Lease Notice - Slopes greater than 15 %

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 Eastern States Contact Information

Email
blm_es_bid_form@blm.gov

Phone
(202) 912-7700

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688