New Mexico State Land Office to add online auction for oil & gas lease sale
Starting in September, the New Mexico State Land Office will be adding an online contingent to its monthly oil & gas lease sale. The online portion will be held in lieu of the traditional sealed bid portion.
The sale will be held in two venues: online and in-house. The online sale will be active bidding, commencing one week prior to the lease sale date, with online bidding closing at 8:30 am MDT on the day of the sale. The in-house sale will be oral, conducted in the Edward J. Lopez State Land Office Building, Santa Fe, New Mexico, and commencing at 10:30 am MDT on the day of the sale. There will be no sealed bid auction.
The online auction will be conducted by the State Land Office auction house contractor, EnergyNet. When posted, the online tract listing can be viewed at www.energynet.com. Prospective bidders must register with EnergyNet at https://www.energynet.com/govt_listing.pl and abide by the terms and conditions therein.
Questions? Contact: Stephen L. Wust, Ph.D.
505.827.5774 / email@example.com