NM-2020-08-0305
Lea County, NM
BLM New Mexico and Texas Federal Lease Sale, August 27, 2020
SOLD
SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Parcel:
NM-2020-08-0305
Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
8/27/2020 11:02 AM MDT / 12:02 PM CDT
End Time:
8/27/2020 12:02 PM MDT / 1:02 PM CDT
Your Bid:
-
Highest Bid:
$253/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$20,833.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
NM T0260S, R0380E, NEW MEXICO PM
Section: 029 W2SE
Parcel Details
Parcel
NMNM 141536
NM-2020-08-0305
County, State
Lea, NM
Legal Description
NM T0260S, R0380E, NEW MEXICO PM
Section: 029 W2SE
Acres
80.00
Rental (1st Year)
$120.00
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
NM00015751
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:
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
Email
blm_nm_leasesale@blm.gov
EnergyNet Point of Contact
Bid History (All)
Bidder
Placed
Amount
Bidder #1
8/27/2020 1:01:59 PM
$253
Bidder #68
8/27/2020 12:59:01 PM
$252
Bidder #81
8/27/2020 1:01:47 PM
$242
Bidder #68
8/27/2020 12:59:01 PM
$241
Bidder #81
8/27/2020 1:01:46 PM
$240
Bidder #68
8/27/2020 12:59:01 PM
$239
Bidder #81
8/27/2020 1:01:44 PM
$238
Bidder #68
8/27/2020 12:59:01 PM
$237
Bidder #81
8/27/2020 1:01:43 PM
$236
Bidder #68
8/27/2020 12:59:01 PM
$235
Bidder #81
8/27/2020 1:01:42 PM
$234
Bidder #68
8/27/2020 12:59:01 PM
$233
Bidder #81
8/27/2020 1:01:41 PM
$232
Bidder #68
8/27/2020 12:59:01 PM
$231
Bidder #81
8/27/2020 1:01:40 PM
$230
Bidder #68
8/27/2020 12:59:01 PM
$229
Bidder #81
8/27/2020 1:01:39 PM
$228
Bidder #68
8/27/2020 12:59:01 PM
$227
Bidder #81
8/27/2020 1:01:38 PM
$226
Bidder #68
8/27/2020 12:59:01 PM
$225
Bidder #81
8/27/2020 1:01:37 PM
$224
Bidder #68
8/27/2020 12:59:01 PM
$223
Bidder #81
8/27/2020 1:01:36 PM
$222
Bidder #68
8/27/2020 12:59:01 PM
$221
Bidder #81
8/27/2020 1:01:34 PM
$220
Bidder #68
8/27/2020 12:59:01 PM
$219
Bidder #81
8/27/2020 1:01:33 PM
$218
Bidder #68
8/27/2020 12:59:01 PM
$217
Bidder #81
8/27/2020 1:01:31 PM
$216
Bidder #68
8/27/2020 12:59:01 PM
$215
Bidder #81
8/27/2020 1:01:29 PM
$214
Bidder #68
8/27/2020 12:59:01 PM
$213
Bidder #81
8/27/2020 1:01:27 PM
$212
Bidder #68
8/27/2020 12:59:01 PM
$211
Bidder #81
8/27/2020 1:01:26 PM
$210
Bidder #68
8/27/2020 12:59:01 PM
$209
Bidder #81
8/27/2020 1:01:24 PM
$208
Bidder #68
8/27/2020 12:59:01 PM
$207
Bidder #81
8/27/2020 1:01:23 PM
$206
Bidder #68
8/27/2020 12:59:01 PM
$205
Bidder #81
8/27/2020 1:01:22 PM
$204
Bidder #68
8/27/2020 12:59:01 PM
$203
Bidder #81
8/27/2020 1:01:21 PM
$202
Bidder #68
8/27/2020 12:59:01 PM
$201
Bidder #81
8/27/2020 1:01:19 PM
$200
Bidder #68
8/27/2020 12:59:01 PM
$199
Bidder #81
8/27/2020 1:01:18 PM
$198
Bidder #68
8/27/2020 12:59:01 PM
$197
Bidder #81
8/27/2020 1:01:17 PM
$196
Bidder #68
8/27/2020 12:59:01 PM
$195
Bidder #81
8/27/2020 1:01:16 PM
$194
Bidder #68
8/27/2020 12:59:01 PM
$193
Bidder #81
8/27/2020 1:01:15 PM
$192
Bidder #68
8/27/2020 12:59:01 PM
$191
Bidder #81
8/27/2020 1:01:14 PM
$190
Bidder #68
8/27/2020 12:59:01 PM
$189
Bidder #81
8/27/2020 1:01:12 PM
$188
Bidder #68
8/27/2020 12:59:01 PM
$187
Bidder #81
8/27/2020 1:01:11 PM
$186
Bidder #68
8/27/2020 12:59:01 PM
$185
Bidder #81
8/27/2020 1:01:10 PM
$184
Bidder #68
8/27/2020 12:59:01 PM
$183
Bidder #81
8/27/2020 1:01:09 PM
$182
Bidder #68
8/27/2020 12:59:01 PM
$181
Bidder #81
8/27/2020 1:01:07 PM
$180
Bidder #68
8/27/2020 12:59:01 PM
$179
Bidder #81
8/27/2020 1:01:06 PM
$178
Bidder #68
8/27/2020 12:59:01 PM
$177
Bidder #81
8/27/2020 1:01:05 PM
$176
Bidder #68
8/27/2020 12:59:01 PM
$175
Bidder #81
8/27/2020 1:01:04 PM
$174
Bidder #68
8/27/2020 12:59:01 PM
$173
Bidder #81
8/27/2020 1:01:02 PM
$172
Bidder #68
8/27/2020 12:59:01 PM
$171
Bidder #81
8/27/2020 1:01:01 PM
$170
Bidder #68
8/27/2020 12:59:01 PM
$169
Bidder #81
8/27/2020 1:01 PM
$168
Bidder #68
8/27/2020 12:59:01 PM
$167
Bidder #81
8/27/2020 1:00:58 PM
$166
Bidder #68
8/27/2020 12:59:01 PM
$165
Bidder #81
8/27/2020 1:00:57 PM
$164
Bidder #68
8/27/2020 12:59:01 PM
$163
Bidder #81
8/27/2020 1:00:55 PM
$162
Bidder #68
8/27/2020 12:59:01 PM
$161
Bidder #74
8/27/2020 1:00:28 PM
$160
Bidder #68
8/27/2020 12:58:12 PM
$152
Bidder #74
8/27/2020 12:40:38 PM
$151
Bidder #52
8/27/2020 12:42:55 PM
$100
Bidder #74
8/27/2020 12:27:25 PM
$61
Bidder #52
8/27/2020 12:35:54 PM
$60
Bidder #74
8/27/2020 12:27:25 PM
$46
Bidder #52
8/27/2020 12:32:07 PM
$45
Bidder #74
8/27/2020 12:27:25 PM
$31
Bidder #52
8/27/2020 12:09:42 PM
$30