LA-2020-09-0035
SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Parcel:
LA-2020-09-0035
Acres:
468.43
Time Remaining:
Auction has ended
Start Time:
9/24/2020 7:06 AM CDT / 8:06 AM EDT
End Time:
9/24/2020 10:06 AM CDT / 11:06 AM EDT
Your Bid:
-
Highest Bid:
$759/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Lease Cost at Highest Bid:
$362,184.07
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T. 18 N., R. 15 W., LOUISIANA MER
Sec. 21 LOTS 5;
Sec. 28 LOTS 1;
Sec. 30 lots 2, 3 excepting 11.98 acres more particularly described in lease BLM-017239 filed in Book No. 725, Page No. 380, and 4;
Sec. 32 LOTS 1 THRU 3;
Sec. 34 NWSW AND LOTS 1 THRU 8
Parcel Details
Parcel
LAES 059752
LA-2020-09-0035
Parish, State
Caddo, LA
Legal Description
T. 18 N., R. 15 W., LOUISIANA MER
Sec. 21 LOTS 5;
Sec. 28 LOTS 1;
Sec. 30 lots 2, 3 excepting 11.98 acres more particularly described in lease BLM-017239 filed in Book No. 725, Page No. 380, and 4;
Sec. 32 LOTS 1 THRU 3;
Sec. 34 NWSW AND LOTS 1 THRU 8
Acres
468.43
Rental (1st Year)
$703.50
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
ES00002989
Comments
Split Estate
PD
The State of Louisiana, by order 270-MM-73, docket No. 19-20, Dated February 22,2019,has
established field spacing for the Sec 28, and 30 T. l8 N, R.15W, Caddo Parish, LA., as a drilling unit
for the production of HaynesvilleZone, Reservoir A. Wells, SU125, and SU126, operated by Pine
Wave Energy has been drilled in the said spacing unit.
Part of this Federal parcel is within the spacing unit for these wells, and, by Federal regulations, an
approved Communitization agreement, effective before the initial production from the well, is
required. Three Federal Communitization agreement, submitted by Pine Wave Energy, is pending
with this office. The successful bidder may be required to submit evidence ofjoinder if the
Communitization agreement is approved before the issuance of the lease.
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.
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
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #13
9/24/2020 7:12:37 AM
$759
Bidder #5
9/24/2020 10:05:59 AM
$758
Bidder #13
9/24/2020 7:12:37 AM
$101
Bidder #1
9/24/2020 10:05:55 AM
$100
Bidder #13
9/24/2020 7:10:09 AM
$2