SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
ALU# 00199
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
8/1/2023 11:10 AM CDT
End Time:
8/8/2023 11:10 AM CDT
Your Bid:
-
Highest Bid:
$17/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$1,810.80
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T139, R98
Sec. 36: SW4
Tract Details
Lease No.
ALU# 00199
County, State
Stark, ND
Legal Description
T139, R98
Sec. 36: SW4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$400.00
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.
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.
Offset Activity
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 #190
8/8/2023 11:09:55 AM
$17
Bidder #98
8/8/2023 11:10 AM
$16
Bidder #190
8/8/2023 11:09:55 AM
$15
Bidder #98
8/8/2023 11:04:57 AM
$14