Server Time (CDT): Apr. 16, 5:04:32a

LA-2020-09-6154

Caddo Parish, LA
BLM Eastern States Federal Lease Sale, September 24, 2020

SOLD

Property Schedule

Due Diligence Began 8/5/2020
Bidding Started 9/24/2020
Bidding Ended 9/24/2020 10:04 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

LA-2020-09-6154

Acres:

17.37

Time Remaining:

Auction has ended

Start Time:

9/24/2020 8:04 AM EDT / 7:04 AM CDT

End Time:

9/24/2020 11:04 AM EDT / 10:04 AM CDT

Your Bid:

-

Highest Bid:

$201/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$3,869.27
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

LAES 059751
LA-2020-09-6154

Parish, State

Caddo, LA

Legal Description

T. 17 N., R. 15 W., LOUISIANA MER
Sec. 4 LOTS 1

Acres

17.37

Rental (1st Year)

$27.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

ES00002385

Comments

Split Estate
PD

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).

Lease 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 PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • LA-01 Cultural Resources and Tribal Consultation
  • LA-02 Endangered Species
  • LA-LN-03 Invasive and Non-Native Species
  • LA-LN-04 Pesticide Application
  • LA-LN-05 Freshwater Aquatic Habitat
  • LA-LN-06 Soils

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.

Important Notice

LAES 059454
The land within this parcel is committed to Communitization Agreement (CA) LAES 059454, Haynesville Formation, effective January 5, 2019, which includes the entire area of this parcel. The operator of this CA is Blue Dome Operating LLC. The successful bidder is required to file evidence of having entered into an agreement with the CA operator for the development and operation of the subject lands under the terms and provisions of the approved communitization agreement.
The successful bidder should immediately contact the CA Operator Blue Dome Operating LLC, 15 E. 5th St., Ste. 3300, Tulsa, OK 74103-4340. In order to join the CA, the operator will give instructions about executing copies of the joinder agreement. Five duplicate originally signed copies of the joinder agreement must be furnished to the BLM, Southeastern States District Office, 273 Market Street, Flowood, Mississippi 39232.

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 Eastern States Contact Information

Email
blm_es_bid_form@blm.gov

Phone
(202) 912-7700

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (All)

Bidder

Placed

Amount

Bidder #12

9/24/2020 10:01:11 AM

$201

Bidder #1

9/24/2020 10:03:56 AM

$200

Bidder #12

9/24/2020 10:01:11 AM

$16

Bidder #14

9/24/2020 10:03:50 AM

$15

Bidder #12

9/24/2020 10:01:11 AM

$14

Bidder #14

9/24/2020 10:03:45 AM

$13

Bidder #12

9/24/2020 10:01:11 AM

$12

Bidder #14

9/24/2020 10:03:36 AM

$11

Bidder #12

9/24/2020 10:01:11 AM

$10

Bidder #14

9/24/2020 10:03:24 AM

$9

Bidder #12

9/24/2020 10:01:11 AM

$8

Bidder #14

9/24/2020 10:03:21 AM

$7

Bidder #12

9/24/2020 10:01:11 AM

$6

Bidder #14

9/24/2020 10:03:18 AM

$5

Bidder #12

9/24/2020 10:01:11 AM

$4

Bidder #14

9/24/2020 10:03:15 AM

$3

Bidder #12

9/24/2020 9:40:10 AM

$2