Federal Register #NMNM105294482

BLM Reinstatement of Oil and Gas Lease NMNM105294482 in Lea County, NM

This notice from the Bureau of Land Management (BLM) announces a regulatory action regarding a previously terminated oil and gas lease in Lea County, New Mexico. - Government Buyer: - Bureau of Land Management (BLM), Department of the Interior - Lessee/Vendor: - FAE II LLC (only lessee mentioned) - Action: - Reinstatement of competitive oil and gas lease NMNM105294482 - Lessee has paid all required rental payments from the date of termination - No new leases have been issued for these lands - Lease Terms and Requirements: - Subject to original lease terms and amended lease notices - Increased rental rate: $20 per acre per year - Increased royalty rate: 22.75 percent - Notable Details: - No procurement of products or services is being solicited - This is a regulatory action, not a solicitation for goods or services - Place of Performance: - Lea County, New Mexico (lease location) - BLM New Mexico State Office, Santa Fe, NM (administrative office)

Description

The Bureau of Land Management (BLM) received a petition from FAE II LLC for reinstatement of the terminated competitive oil and gas lease NMNM105294482 located in Lea County, New Mexico. The lessee has timely filed the petition and paid the required rental payments from the date of termination. No other leases have been issued affecting these lands. The BLM proposes to reinstate the lease subject to original terms, amended lease notices, increased rental, and increased royalty rates.

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