SOLD
Registration Status:
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Your Bid Status:
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Tract:
ALU# 00193
Gross Acres:
34.77
Net Acres:
17.39
Time Remaining:
Auction has ended
Start Time:
8/1/2023 10:58 AM CDT
End Time:
8/8/2023 10:58 AM CDT
Your Bid:
-
Highest Bid:
$1,970/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$35,383
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T158, R91
Sec. 18: LOT 3
Tract Details
Lease No.
ALU# 00193
County, State
Mountrail, ND
Legal Description
T158, R91
Sec. 18: LOT 3
Gross Acres
34.77
Net Acres
17.39
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$86.95
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Provision(s)
W: The land covered by this oil and gas lease lies beneath an area identified as essential wildlife habitat and development may be subject to additional procedures as part of an Application to Drill. The surface is not managed by the Department of Trust Lands.
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.
North Dakota Department of Trust Lands Point of Contact
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #968
8/8/2023 10:57:48 AM
$1,970
Bidder #761
8/7/2023 10:09:05 PM
$1,969
Bidder #968
8/7/2023 7:51:44 PM
$1,900
Bidder #761
8/7/2023 10:00:18 PM
$1,777
Bidder #968
8/7/2023 7:51:44 PM
$1,278
Bidder #761
8/7/2023 10:00:10 PM
$1,277
Bidder #968
8/7/2023 7:51:44 PM
$889
Bidder #761
8/3/2023 4:32:41 PM
$888
Bidder #579
8/7/2023 8:33:17 AM
$402
Bidder #761
8/3/2023 4:32:41 PM
$301