Server Time (CST): Jan. 16, 5:29:14p

NM-2021-01-0384

Lea County, NM
BLM New Mexico, Texas, Oklahoma and Kansas Federal Oil & Gas Lease Sale, January 14, 2021

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NM-2021-01-0384

Acres:

240.00

Time Remaining:

Auction has ended

Start Time:

1/14/2021 8:38 AM MST / 9:38 AM CST

End Time:

1/14/2021 10:38 AM MST / 11:38 AM CST

Your Bid:

-

Highest Bid:

$4,453/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$1,085,280.80
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NMNM 142570
NM-2021-01-0384

County, State

Lea, NM

Legal Description

T. 19 S., R. 33 E., NEW MEXICO PM
Sec. 22 E2SE, SWSE;
Sec. 23 SWNW, W2SW

Acres

240.00

Rental (1st Year)

$360.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

NM00016492

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 Notation:

This lease is located within the Secretary of the Interior’s Designated Potash Area and is subject to Secretarial Order No. 3324, signed December 3, 2012. Drilling an oil and gas well within this lease may result in undue waste of potash deposits, constitute a hazard to or unduly interfere with mining operations being conducted for the extraction of potash deposits. Therefore, drilling of an oil and gas well from a surface location within this lease may not be allowed, and may only be permitted if drilling occurs from either the approved Jade Drilling Island located on fee surface along the northern section line of section 27 in T19S, R33E, or from the northern section line of sections 22 and 23 in T19S R33E on federal surface (see attached map). A drilling island is not required if the well is drilled from the northern section lines of sections 22 and 23 in T19S, R33E. Access to the lease could also be accomplished from outside of the Secretary’s Potash Area in sections 14 and 15 in T19S, R33E. Regardless of where surface access occurs, a Development Area Notification will be required.

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-1-CSU PDO - CSU - Potash Area Stipulation,
  • SENM-S-22-CSU PDO - CSU - Lesser Prairie-Chickens,
  • SENM-S-23-CSU PDO - CSU - Dunes Sagebrush Lizard,
  • SENM-S-34-CSU PDO - CSU - Shinnery Oak Sand Dune Habitat Complex POD,
  • NM-11-LN NMSO - LN - Special Cultural Resource,
  • SENM-LN-2 PDO - LN - Dunes Sagebrush Lizard,
  • SENM-LN-6 PDO - LN - OG Development Within Designated Potash Area

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

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #25

1/14/2021 11:37:31 AM

$4,453

Bidder #5

1/14/2021 11:37:50 AM

$4,452

Bidder #25

1/14/2021 11:35:02 AM

$4,001

Bidder #31

1/14/2021 11:37:22 AM

$4,000

Bidder #25

1/14/2021 11:35:02 AM

$3,701

Bidder #31

1/14/2021 11:37:12 AM

$3,700

Bidder #25

1/14/2021 11:35:02 AM

$3,501

Bidder #31

1/14/2021 11:35:54 AM

$3,500

Bidder #25

1/14/2021 11:35:02 AM

$3,001

Bidder #31

1/14/2021 11:25:03 AM

$3,000


View 16 earlier bids...