Server Time (CDT): Aug. 11, 4:58:52p

NM-2020-08-0317

Chaves County, NM
BLM New Mexico and Texas Federal Lease Sale, August 27, 2020

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

NM-2020-08-0317

Acres:

1,039.52

Time Remaining:

15D 18H 5M 8S

Start Time:

8/27/2020 10:04 AM CDT / 9:04 AM MDT

End Time:

8/27/2020 11:04 AM CDT / 10:04 AM MDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$3,841.20
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NMNM 141476
NM-2020-08-0317

County, State

Chaves, NM

Legal Description

NM T0140S, R0290E, NEW MEXICO PM
Section: 019 LOTS 1-4;
Section: 019 E2SW, SE;
Section: 030 LOTS 1-4;
Section: 030 E2, E2W2

Acres

1,039.52

Rental (1st Year)

$1,560.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

NM00015715

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 for Special Cultural Resource
  • SENM-LN-1 BLM Lease Notice for PDO - LN - Potential Cave or Karst Occurrence Area
  • SENM-S-18-CSU BLM Stipulation for PDO - CSU - Streams, Rivers and Floodplains
  • For the following lands:
    NM T0140S, R0290E, NEW MEXICO PM Section: 019 LOTS 1-2, NESW, SE; Section: 030 LOTS 1, E2, E2W2;
  • SENM-S-25-CSU BLM Stipulation for PDO - CSU - Visual Resource Management
  • SENM-S-39-CSU BLM Stipulation for PDO - CSU - POD
  • WO-ESA 7 BLM Stipulation for WO - Endangered Species Act Sec 7 Consultation
  • WO-NHPA BLM Stipulation for Cultural Resources and 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 Point of Contact

Government Resources

Email
government@energynet.com

Office
(866) 364-4688