SOLD
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Your Bid Status:
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Tract:
ALU# 00243
Gross Acres:
160.00
Net Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
2/6/2024 10:02 AM CST
End Time:
2/13/2024 10:02 AM CST
Your Bid:
-
Highest Bid:
$447/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$74,475.60
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T143, R94
Sec. 16: SW4
Tract Details
Lease No.
ALU# 00243
County, State
Dunn, ND
Legal Description
T143, R94
Sec. 16: SW4
Gross Acres
160.00
Net Acres
160.00
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$800.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Provision(s)
P: The land covered by this oil and gas lease contains an archaeological or paleontological resource which may need to be protected. Lessee shall not disturb the surface of the leased premises until the provisions of this addendum are satisfied. At least 20 days prior to any surface disturbance of the leased premises, the lessee shall notify the North Dakota Department of Trust Lands of the location of the intended surface disturbance and what the disturbance will entail. The Department of Trust Lands, after considering advice from the State Historical Board or the North Dakota Geological Survey, will determine what, if any, protection of the resource shall be necessary before allowing access to the area intended to be disturbed. If the lessee objects to the requested protection, the lessee may present its objection to the Department of Trust Lands. The Commissioner of University and School Lands, subject to appeal to the Board of University and School Lands, shall make the final determination as to what protection or preservation measures must be undertaken before surface disturbance begins.
Seller Acquisition Agreement(s)
The North Dakota Department of Trust Lands Forms and Policies may be found at www.land.nd.gov/surface-minerals-management/mineral-auctions/forms-and-policies.
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.
A 3% Buyer Premium, calculated as 3% of the total bonus, will be added to the cost of this lease.
Contacts
Trust Lands Minerals Department
Email dtlminerals@nd.gov
Office (701) 328-2800
Government Resources
Email government@energynet.com
Office (877) 351-4488
Bid History (All)
Bidder
Placed
Amount
Bidder #515
2/13/2024 9:31:44 AM
$447
Bidder #839
2/13/2024 10:01:58 AM
$446
Bidder #515
2/13/2024 9:31:44 AM
$445
Bidder #937
2/13/2024 10:01:34 AM
$444
Bidder #515
2/13/2024 9:31:44 AM
$401
Bidder #937
2/13/2024 10:01:22 AM
$400
Bidder #515
2/13/2024 9:31:44 AM
$304
Bidder #937
2/13/2024 10:01 AM
$303
Bidder #515
2/13/2024 9:31:44 AM
$302
Bidder #839
2/13/2024 10:00:51 AM
$301
Bidder #515
2/13/2024 9:31:44 AM
$201
Bidder #839
2/13/2024 10:00:40 AM
$200
Bidder #515
2/13/2024 9:31:44 AM
$101
Bidder #839
2/13/2024 10:00:35 AM
$100
Bidder #515
2/13/2024 9:31:44 AM
$2