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BLM Wayne National Forest Competitive Bidding Dec 13

Posted By Penny Seipel, Vice President of Public Affairs, Monday, November 21, 2016
Updated: Wednesday, November 23, 2016

As many of you have likely already heard, The Bureau of Land Management will be offering up for lease 1,600 acres located in the Wayne National Forest.  The competitive bidding process will take place on December 13, 2016 beginning at 8:00 AM EST via internet only.  There will be a total of thirty five parcels up for bid that day with the acreage in the Wayne National Forest comprising thirty three of those parcels. 

If you are interested in participating in the competitive leasing process you will need to register at www.energynet.com/index.pl. If you are interested in watching the competitive bidding process you will also need to register. 

Important facts to know in advance:

Each acreage block will be open for only three hours (with start and stop times clearly delineated on the website) and bidding will close consecutively for the parcels so that bidders will know if they if they are the highest bidder before the next block closes. 

Information on the exact time of the bidding process for the lease will be available on the website up to ten days in advance of the scheduled sale.

Parcels are sold in the entire acreage block and rounded up to the next whole acre. A list of acreage blocks can be found in this BLM Notice of lease sale as well as more comprehensive information about the leasing process and restrictions on the acreage blocks.

Minimum bid is $2.00 per acre and minimum increments for bidding thereafter are $1.00 per acre.

You cannot withdraw a bid once the system determines that you are the high bidder.

Winners will know if they have successfully acquired the lease by the end of the lease sale.

If you are the highest bidder, fees due include the minimum bonus bid of $2.00 per acre or the highest bid if greater, a first year’s advance rental of $1.50 per acre and a non-refundable administrative fee of $160.  Winning bidders must provide how they will make payment by 4:30 PM EST on the day the auction closes. 

There are a number of restrictions for drilling in the Wayne National Forest which is also dependent on each acreage block. If your company is interested in bidding on any of these parcels, we would encourage you to review those restrictions in the BLM Notice of lease sale pamphlet.

Happy Bidding! 

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