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AR-2020-12-6022

Faulkner County, AR
BLM Eastern States Federal Lease Sale, December 17, 2020

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

AR-2020-12-6022

Acres:

120.00

Time Remaining:

19D 11H 49M 3S

Start Time:

12/17/2020 8:04 AM EST / 7:04 AM CST

End Time:

12/17/2020 9:04 AM EST / 8:04 AM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Starting Bid:

$593.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

ARES 059723
AR-2020-12-6022

County, State

Faulkner, AR

Legal Description

T. 7 N., R. 12 W., 5TH PM
Sec. 14 NENW, S2NW

Acres

120.00

Rental (1st Year)

$180.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

ES00015237

Comments

ACQ
Split Estate
50.00% US Mineral Interest

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:

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

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

ARES 057041
The lands included in this parcel are fully committed to Communization Agreement (CA) ARES057041, approved effective December 01, 2010. 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 communization agreement. The successful bidder should immediately contact the CA Operator Merit Energy Company, LLC, 13727 Noel Rd., Ste. 1200, Dallas, Texas 75240-7362. 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, Jackson Field Office, 411 Briarwood Drive, Suite 404, Jackson, MS 39206. When the evidence is filed with the above office, a copy of the transmittal letter must be filed in the State Office in Washington, DC, mail to: Bureau of Land Management-Eastern States Office, Attention: Division of Natural Resources (ES-934), 20 M Street, SE, Suite 950, Washington, DC 20003.

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