Server Time (CDT): Aug. 11, 4:08:21p

NM-2020-08-0329

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-2020-08-0329

Acres:

480.00

Time Remaining:

15D 19H 55M 39S

Start Time:

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

End Time:

8/27/2020 12:04 PM CDT / 11:04 AM MDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$1,864.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NMNM 141506
NM-2020-08-0329

County, State

Chaves, NM

Legal Description

NM T0120S, R0310E, NEW MEXICO PM
Section: 022 SWNW, N2SW, SESW, SE;
Section: 027 NE

Acres

480.00

Rental (1st Year)

$720.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

NM00015700

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 NMSO - LN - Special Cultural Resource
  • NM-13-CSU BLM Stipulation for NMSO - CSU - Paleontological Resources
  • NM-14-LN BLM Lease Notice for NMSO - LN - Paleontological Resources
  • SENM-S-17-CSU BLM Stipulation for PDO - CSU - Slopes & Fragile Soils
  • For the following lands:
    NM T0120S, R0310E, NEW MEXICO PM Section: 022 SWNW, NWSW;
  • SENM-S-19-CSU BLM Stipulation for PDO - CSU - Playas and Alkali Lakes
  • For the following lands:
    NM T0120S, R0310E, NEW MEXICO PM Section: 027 SENE;
  • SENM-S-20-CSU BLM Stipulation for PDO - CSU - Springs, Seeps and Tanks
  • For the following lands:
    NM T0120S, R0310E, NEW MEXICO PM Section: 027 SENE;
  • 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

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