NV-2020-06-0019
AUCTION NOT YET STARTED
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
Parcel:
NV-2020-06-0019
Acres:
1,750.00
Time Remaining:
13D 22H 47M 39S
Start Time:
6/9/2020 9:10 AM CDT / 7:10 AM PDT
End Time:
6/9/2020 10:10 AM CDT / 8:10 AM PDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$1
Total Lease Cost at Starting Bid:
$6,347.50
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
NV T0250N, R0520E, MOUNT DIABLO MER
Section: 023 PROT E2, S2NENW, SENW, SW;
Section: 024 PROT N2, SW, W2NESE, W2SE, W2SESE;
Section: 026 PROT ALL
Parcel Details
Parcel
NVN 099645
NV-2020-06-0019
County, State
Eureka, NV
Legal Description
NV T0250N, R0520E, MOUNT DIABLO MER
Section: 023 PROT E2, S2NENW, SENW, SW;
Section: 024 PROT N2, SW, W2NESE, W2SE, W2SESE;
Section: 026 PROT ALL
Acres
1,750.00
Rental (1st Year)
$2,625.00
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-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
NV T0250N, R0520E, MOUNT DIABLO MER Section: 024 PROT E2, SESW;
For the following lands:
NV T0250N, R0520E, MOUNT DIABLO MER Section: 023 PROT SE, E2NE; Section: 024 PROT N2, SW, W2NESE, W2SE, W2SESE; Section: 026 PROT E2, E2NW, E2SW;
Offset Activity
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