Heather Fugger
Created Apr 20, 2023How to bid on New Mexico SLO Oil & Gas Leases
Bidding on a New Mexico State Land Office (SLO) lease is per tract, and not per acre.
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Navigate to the New Mexico State Land Office sale and click on View Listings.
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Navigate to the tract of interest to view the property information page. Click on Tract Info.
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Registration for a sale is required to participate in bidding. Click on Place a Bid.
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Click on Sealed Bid
Enter the sealed bid amount per tract.
When bidding on a sealed bid parcel, enter the bid amount to display the Amount Due at Closing calculation amount.
Bids may not be withdrawn, retracted, or reduced.
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Type password
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Click on Place Sealed Bid
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A green banner will appear confirming the receipt of the sealed bid.
An email will be sent to the email address on file to confirm the bid has been accepted, however, no amounts will be listed in the email. The sealed bid will not be visible as activity in the user's account, as sealed bids are encrypted. (Note the bidder name and address fields, as well as the sealed bid amount field have all been reset.)
A user may outbid themselves, if multiple bids are submitted.
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The New Mexico SLO will publicly reveal successful bids and successful bidders will receive invoices from EnergyNet for all amounts due.
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