SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
Tract #14
App #5026
Gross Acres:
1.68
Net Acres:
1.68
Time Remaining:
Auction has ended
Start Time:
11/30/2022 9:26 AM MST / 10:26 AM CST
End Time:
12/6/2022 9:26 AM MST / 10:26 AM CST
Your Bid:
-
Highest Bid:
$3,705/acre
Starting Bid:
$61/acre
Total Cost at Highest Bid:
$6,373.89
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T23N R59E
Sec. 32 TRACT IN NW4NW4
*Part or all of tract is not state-owned surface
Tract Details
Property/Well Name
Tract #14
App #5026
County, State
Richland, MT
Legal Description
T23N R59E
Sec. 32 TRACT IN NW4NW4
*Part or all of tract is not state-owned surface
Gross Acres
1.68
Net Acres
1.68
Royalty Rate
16.67%
Lease Term
10 Years
Rental/Acre (Per Year)
$59.524
MT Administrative Fee
$25.00
Buyer Premium
2.00%
Important Notice
This tract has received a nomination for $59.524/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 |
Successful Bidder Notification
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.
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
State of Montana DNRC Point of Contact
EnergyNet Point of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #381
12/6/2022 10:21:52 AM
$3,705
Bidder #441
12/6/2022 10:25:57 AM
$3,700
Bidder #381
12/5/2022 10:43:04 AM
$190
Bidder #691
11/30/2022 2:05:34 PM
$185
Bidder #381
12/5/2022 10:42:42 AM
$85
Bidder #691
11/30/2022 2:05:34 PM
$63
Bidder #381
12/5/2022 10:42:15 AM
$62
Bidder #691
11/30/2022 2:05:34 PM
$61