Server Time (CDT): Aug. 11, 10:54:18a

NM-2020-08-6736

Lea County, NM
BLM New Mexico, Oklahoma and Texas Federal Lease Sale, August 26, 2020

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

NM-2020-08-6736

Acres:

640.00

Time Remaining:

14D 23H 15M 42S

Start Time:

8/26/2020 9:10 AM CDT / 8:10 AM MDT

End Time:

8/26/2020 10:10 AM CDT / 9:10 AM MDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$2,429.20
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NMNM 142041
NM-2020-08-6736

County, State

Lea, NM

Legal Description

T. 26 S., R. 36 E., NEW MEXICO PM
Sec. 24 E2,E2W2;
Sec. 25 N2NE, NENW, SENE

Acres

640.00

Rental (1st Year)

$960.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

NM00015851

Comments

SPLIT ESTATE

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:

  • WO-ESA 7 WO - Endangered Species Act Sec 7 Consultation
  • WO-NHPA Cultural Resources and Tribal Consultation
  • SENM-S-17-CSU PDO - CSU - Slopes & Fragile Soils
  • SENM-S-19-CSU PDO - CSU - Playas and Alkali Lakes
  • SENM-S-22-CSU PDO - CSU - Lesser Prairie-Chickens
  • NM-11-LN NMSO - LN - Special Cultural Resource

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
(877) 351-4488