SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
Tract 2: App #5007
Gross Acres:
480.00
Net Acres:
480.00
Time Remaining:
Auction has ended
Start Time:
2/28/2024 9:02 AM MST / 10:02 AM CST
End Time:
3/5/2024 9:02 AM MST / 10:02 AM CST
Your Bid:
-
Highest Bid:
$1,190/acre
Starting Bid:
$1.75/acre
Total Cost at Highest Bid:
$582,649
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T27N R57E
Sec. 5 N2, SE4
*Part or all of tract is not state-owned surface
Tract Details
Property/Well Name
Tract 2: App #5007
County, State
Roosevelt, MT
Legal Description
T27N R57E
Sec. 5 N2, SE4
*Part or all of tract is not state-owned surface
Gross Acres
480.00
Net Acres
480.00
Royalty Rate
16.67%
Lease Term
10 Years
Rental/Acre (Per Year)
$1.50
MT Administrative Fee
$25.00
Buyer Premium
2.00%
Important Notice
This tract has received a nomination for $1.50/acre per year rental. If no other bids are received, this tract will be awarded to the nominator in accordance with the State of Montana DNRC rules and regulations.
Stipulations
Delayed Drilling Penalty (DDP)
Delayed Drilling Penalty | Amount/Acre/Year |
---|---|
6th Year DDP (Delayed Drilling Penalty) | $1.25 |
7th thru 10th Year DDP | $2.50 |
Seller Acquisition Agreements
The Montana DNRC forms associated with oil and gas leasing may be found at https://dnrc.mt.gov/TrustLand/subsurface-resources/oil-gas-leasing
Offset Activity
Successful Bidder Notification and Buyer Premium
When the bids are accepted by the State of Montana DNRC, the successful bidder will be notified via email with closing instructions, including total amount due.
Payment must be made within two business days.
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
Contacts
Montana DNRC
Theresa Hossfeld, Mineral Leasing Specialist
Email THossfeld@mt.gov
EnergyNet Government Resources
Email government@energynet.com
Office (877) 351-4488
Bid History (All)
Bidder
Placed
Amount
Bidder #324
3/5/2024 9:47:59 AM
$1,190
Bidder #415
3/5/2024 10:01:47 AM
$1,185
Bidder #324
3/5/2024 9:47:59 AM
$1,120
Bidder #415
3/5/2024 10:01:35 AM
$1,115
Bidder #324
3/5/2024 9:08:38 AM
$430
Bidder #415
3/5/2024 9:15:02 AM
$425
Bidder #324
3/5/2024 9:08:38 AM
$365
Bidder #452
3/5/2024 9:12:52 AM
$360
Bidder #324
3/5/2024 9:08:38 AM
$305
Bidder #415
3/5/2024 8:47:30 AM
$300
Bidder #452
3/4/2024 4:56:27 PM
$255
Bidder #415
3/5/2024 8:47:20 AM
$225
Bidder #452
3/4/2024 4:56:27 PM
$205
Bidder #415
3/4/2024 9:32:37 PM
$200
Bidder #452
3/4/2024 4:56:27 PM
$195
Bidder #415
3/4/2024 7:06:23 PM
$190
Bidder #452
3/4/2024 4:56:27 PM
$185
Bidder #415
3/4/2024 7:06:18 PM
$180
Bidder #452
3/4/2024 4:56:27 PM
$175
Bidder #415
3/4/2024 7:06:14 PM
$170
Bidder #452
3/4/2024 4:56:27 PM
$165
Bidder #415
3/4/2024 6:22:14 PM
$160
Bidder #452
3/4/2024 4:56:27 PM
$155
Bidder #415
3/4/2024 6:22:04 PM
$150
Bidder #452
3/4/2024 4:56:27 PM
$145
Bidder #415
3/4/2024 6:21:58 PM
$140
Bidder #452
3/4/2024 4:56:27 PM
$135
Bidder #415
3/4/2024 6:21:56 PM
$130
Bidder #452
3/4/2024 4:56:27 PM
$125
Bidder #415
3/4/2024 6:21:50 PM
$120
Bidder #452
3/4/2024 4:56:27 PM
$115
Bidder #415
3/4/2024 6:21:36 PM
$110
Bidder #452
3/4/2024 4:56:27 PM
$90
Bidder #956
3/4/2024 6:21:26 PM
$89
Bidder #452
3/4/2024 4:56:27 PM
$76
Bidder #956
3/4/2024 6:21:02 PM
$75
Bidder #452
3/4/2024 4:56:27 PM
$46
Bidder #956
3/4/2024 1:27:48 PM
$45