Server Time (CDT): Mar. 28, 11:44:11a

NV-2020-06-1280

Eureka County, NV
POSTPONED: BLM Nevada Federal Lease Sale, June 9, 2020

AUCTION CANCELLED

Property Schedule

Due Diligence Began 4/27/2020
Bidding Started 6/9/2020
Bidding Ended 6/9/2020 10:06 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NV-2020-06-1280

Acres:

1,831.00

Time Remaining:

Auction has ended

Start Time:

6/9/2020 7:06 AM PDT / 9:06 AM CDT

End Time:

6/9/2020 8:06 AM PDT / 10:06 AM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Starting Bid:

$6,633.43
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NVN 099643
NV-2020-06-1280

County, State

Eureka, NV

Legal Description

NV T0250N, R0520E, MOUNT DIABLO MER
Section: 011 PROT NE, SENW, NESW, N2SE, N2SWSE, SESWSE, SESE;
Section: 012 PROT ALL;
Section: 013 PROT ALL;
Section: 014 PROT E2NENE, E2SENE, SESESW, S2NWSE, NESE, S2SE

Acres

1,831.00

Rental (1st Year)

$2,746.50

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

NV00015380

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:

  • NV-B-11-A-CSU BLM Stipulation for Slopes > 30%
  • NV-B-02-A-TL BLM Stipulation for Mule Deer Seasonal Habitat
  • For the following lands:
    NV T0250N, R0520E, MOUNT DIABLO MER Section: 013 PROT E2;
  • NV-B-00-A-LN BLM Lease Notice for BLM Nevada Standard Lease Notices
  • NV-B-02-B-LN BLM Lease Notice for Mule Deer Migration Corridors

For the following lands:
NV T0250N, R0520E, MOUNT DIABLO MER Section: 012 PROT S2SE, NESE; Section: 013 PROT E2, E2NW, SW;

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 Nevada Contact Information

Email
nvsoweb@blm.gov

Phone
(775) 861-6515

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488