ND-2024-03-6868

Mountrail County, ND
BLM Montana-Dakotas Federal Oil & Gas Lease Sale, March 12, 2024

SOLD

Property Schedule

Due Diligence Began 1/5/2024
Bidding Started 3/12/2024
Bidding Ended 3/12/2024 10:02 AM
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ND-2024-03-6868
637.00
Auction has ended
3/12/2024 8:02 AM MDT / 9:02 AM CDT
3/12/2024 9:02 AM MDT / 10:02 AM CDT
-
$2,510/acre
$10/acre
$1
$1,624,959.05
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
ND-2024-03-6868
County, State
Mountrail, ND
Legal Description
T. 158 N., R. 91 W., FIFTH PRINCIPAL,
Sec. 32 POR NE EXCL 3 AC DESC BY M&B, NW, S2;
Mineral Interest 50%
Acres
637.00
Rental (1st Year)
$1,911.00
Royalty
16.67%
Administrative Fee
$195.00
Expression of Interest
MT00018944
Comments
16.67% Acquired Royalty Interest
Split Estate
Serial Number
NDMT106345544
Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.

The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).

Lease Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.

They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • Standard 16-3 Standard Oil and Gas Lease Stipulations:
  • CSU 12-5 Riparian Areas of Wetlands, Streams, and Rivers
    For the following lands: T. 158 N., R. 91 W., FIFTH PRINCIPAL, Sec. 32 N2NW, SWNW;
  • HQ-CR-1 Cultural Resource Protection:
  • HQ-MLA-1 Notice to Lessee Concerning Mineral Leasing Act Section 2(a)(2)(A):
  • HQ-TES-1 Threatened and Endangered Species Act:
  • LN 14-1 Land Use Authorization:
  • LN 14-2 Cultural Resources:
  • LN 14-12 Paleontological Resource Inventory Requirement:
  • LN 14-18 Air Resource Analysis:
  • LN 14-20 Migratory Bird Treaty Act:
  • LN 14-33 Cultural Inventory Requirement:
  • NSO 11-33 Wetlands, Lakes, and Ponds
    For the following lands: T. 158 N., R. 91 W., FIFTH PRINCIPAL, Sec. 32 NENW, SWNW, S2;
Successful Bidder Notification and Buyer Premium

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $195, to the BLM State Office by the close of business.

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

Contacts

BLM Montana
Email BLM_MT_Fluids_Sales@blm.gov


EnergyNet
Government Resources
Email government@energynet.com
Phone (877) 351-4488

Bid History (All)

Bidder

Placed

Amount

Bidder #582

3/12/2024 10:01:45 AM

$2,510

Bidder #661

3/12/2024 10:01:50 AM

$2,509

Bidder #582

3/12/2024 10:01:45 AM

$2,093

Bidder #776

3/12/2024 10:01:49 AM

$2,092

Bidder #582

3/12/2024 10:01:45 AM

$2,091

Bidder #776

3/12/2024 10:01:48 AM

$2,090

Bidder #582

3/12/2024 10:01:33 AM

$2,089

Bidder #776

3/12/2024 10:01:41 AM

$2,088

Bidder #582

3/12/2024 10:01:33 AM

$1,576

Bidder #378

3/12/2024 9:32:33 AM

$1,575

Bidder #582

3/12/2024 9:54:26 AM

$1,300

Bidder #378

3/12/2024 9:32:33 AM

$1,001

Bidder #582

3/12/2024 9:42:42 AM

$1,000

Bidder #378

3/12/2024 9:32:33 AM

$501

Bidder #661

3/12/2024 9:02:27 AM

$500

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