ND-2023-12-0291

McKenzie County, ND
BLM Montana-Dakotas Federal Oil & Gas Lease Sale, December 5, 2023

SOLD

Property Schedule

Due Diligence Began 10/17/2023
Bidding Started 12/5/2023
Bidding Ended 12/5/2023 10:12 AM
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ND-2023-12-0291
787.67
Auction has ended
12/5/2023 8:12 AM MST / 9:12 AM CST
12/5/2023 9:12 AM MST / 10:12 AM CST
-
$83/acre
$10/acre
$1
$68,944.06
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Parcel Details
Parcel
ND-2023-12-0291
County, State
McKenzie, ND
Legal Description
T. 149 N., R. 103 W., FIFTH PRINCIPAL,
Sec. 6 LOTS 5-7, E2SW, W2SE, SESE;
Sec. 7 LOTS 2-4, NWNE, E2NW, E2SW, NWSE, SESE;
Sec. 8 NWNW;
Sec. 18 LOTS 1;
Acres
787.67
Rental (1st Year)
$2,364.00
Royalty
16.67%
Administrative Fee
$195.00
Expression of Interest
MT00016847
Serial Number
NDMT106325907
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
  • 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 14-12 Paleontological Resource Inventory Requirement
  • LN 14-18 Air Resource Analysis
  • LMG2020-CSU-01 Water, Wetlands, Woody Draws, Riparian, and Floodplains
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 6 portions of W2SE, SESE; Sec. 8 portions of NWNW
  • LMG2020-CSU-02 Black-footed Ferret Reintroduction Habitat MA 3.63
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 6 LOTS 5-7, E2SW, W2SE, SESE; Sec. 7 portions of Lot 2, NWNE, E2NW, E2SW, NWSE, SESE; Sec. 8 NWNW
  • LMG2020-CSU-07 Inventoried Roadless Areas
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 18 portions of Lot 1
  • LMG2020-LN-01 Floodplain and Wetlands
  • LMG2020-LN-01 (McKenzie RD) Notice for Lands of the National Forest System Under Jurisdiction of Department of Agriculture
  • LMG2020-LN-02 Threatened, Endangered, and Sensitive Plant or Animal Species
  • LMG2020-LN-03 Cultural Resources
  • LMG2020-LN-04 Paleontological Resources
  • LMG2020-NSO-01 Slopes > 40%
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 6 portions of Lots 7, portions of SWSE; Sec. 7 portions of Lot 2, portions of NWNE, E2NW, NWSE, SESE
  • LMG2020-NSO-04 Prairie Falcon and Burrowing Owl Nests
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 6 portions of Lots 6,7, portions of NESW, NWSE, SESE, SESW; Sec. 7 portions of NWNE, SENW, NENW
  • LMG2020-NSO-14 Inventoried Roadless Areas
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 6 LOTS 5-7, E2SW, W2SE, SESE; Sec. 7 LOTS 2-4, NWNE, E2NW, E2SW, NWSE, SESE; Sec. 8 NWNW; Sec. 18 portions of Lot 1
  • LMG2020-TL-01 Sharp-tailed Grouse Display Grounds
    For the following lands: T. 149 N., R. 103 W., FIFTH PRINCIPAL, Sec. 6 portions of Lot 5, portions of E2SW, SWSE, SESE; Sec. 7 portions of NWNE; Sec. 8 NWNW;
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 (Top 10)

Bidder

Placed

Amount

Bidder #537

12/5/2023 10:09:59 AM

$83

Bidder #381

12/5/2023 10:11:01 AM

$82

Bidder #537

12/5/2023 10:09:59 AM

$81

Bidder #381

12/5/2023 10:11 AM

$80

Bidder #537

12/5/2023 10:09:59 AM

$79

Bidder #381

12/5/2023 10:10:59 AM

$78

Bidder #537

12/5/2023 10:09:59 AM

$77

Bidder #381

12/5/2023 10:10:58 AM

$76

Bidder #537

12/5/2023 10:09:59 AM

$75

Bidder #381

12/5/2023 10:10:57 AM

$74

View 36 earlier bids...

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