Federal Register #2026-08331

BLM Proposes Reinstatement of Two Oil and Gas Leases in New Mexico

This notice concerns the proposed reinstatement of two previously terminated oil and gas leases in New Mexico by the Bureau of Land Management (BLM): - Government Buyer: - Bureau of Land Management (BLM), U.S. Department of the Interior - Lessee/Vendor: - Southland Royalty Company LLC - Leases Involved: - Lease numbers NMNM130340 and NMNM130344 - Located in Rio Arriba County, New Mexico - Products/Services: - No new products or services are being procured; this is an administrative action regarding oil and gas lease status - Notable Requirements and Terms: - Lessee has paid all required rentals and administrative fees - Proposed reinstatement includes amended terms: - Rental rate: $20 per acre per year - Royalty rate: 20 percent - Leases effective for no greater than two years due to extended term status - Subject to original and amended lease terms - No OEMs or additional vendors are involved; this is not a procurement of goods or services, but a lease administration action

Description

The Bureau of Land Management (BLM) received petitions for reinstatement of terminated competitive oil and gas leases NMNM130340 and NMNM130344 from Southland Royalty Company LLC. The lessee timely filed petitions and paid the required rentals accruing from the date of termination. No leases have been issued that affect these lands. The BLM proposes to reinstate the leases with new lease terms including a rental of $20 per acre per year and a royalty rate of 20 percent, effective August 1, 2017, for no greater than two years due to their extended term status.

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