Server Time (CST): Jan. 28, 9:15:56a

OK-2021-01-1943

Coal County, OK
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:

OK-2021-01-1943

Acres:

5.96

Time Remaining:

Auction has ended

Start Time:

1/14/2021 9:08 AM MST / 10:08 AM CST

End Time:

1/14/2021 11:08 AM MST / 12:08 PM CST

Your Bid:

-

Highest Bid:

$3/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$197.27
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

OKNM 142798
OK-2021-01-1943

County, State

Coal, OK

Legal Description

T. 1N, R. 10E., IM,
Sec. 24 LOTS 13, 27

Acres

5.96

Rental (1st Year)

$9.00

Royalty

12.50%

Administrative Fee

$170.00

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:

The lease has been identified to be above historic, underground, Abandoned Mines (AMs) and/or their workings. Areas within the lease where vertical drilling is proposed to take place may not be authorized or drilling techniques may need to be altered or modified based on the features of the AMs and/or their workings. In addition, lease notice, NM-8-LN, Coal Protection, is attached to the lease. The notice states that operations may be altered or modified by the authorized officer conserve and protect the federal coal resources while providing for simultaneous operations.

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:

  • NM-8-LN Coal Protection
  • NM-10 Drainage
  • WO-ESA 7 - Endangered Species Act
  • WO-NHPA National Register of Historic Places
  • NM-11-LN Special Cultural Resource
  • OFO-NSO-4 Riparian Wetland & Waterbodies 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 #27

1/14/2021 12:07:57 PM

$3

Bidder #32

1/14/2021 10:29:04 AM

$2